Hedge Funds

Sprott launches new fund


Toronto-based Sprott Asset Management announced it plans to launch a new hedge fund, a bottom-up long/short equity fund, in April. The Sprott Opportunities hedge fund will be the firm's sixth hedge fund and will be run by Jean-François Tardif, who will employ pairs trading, a first for the firm.

Tardif expects to take long and short positions in U.S., Canadian or foreign publicly-traded or privately issued stocks, warrants, corporate debt, bonds, notes or other debentures, convertible securities and foreign exchange contracts.

The fund will most likely launch with a net short bias, reflecting Tardif's negative view of the current