The Canadian hedge fund industry is estimated to have $35 billion in assets under management. It’s a drop in the ocean compared with the neighbouring US market but participants say its appeal is growing among international investors.
One of the attractions is the quality of managers. Sprott Asset Management runs about $6 billion – $2.6 billion of which is in hedge fund assets. The firm spun out of Canadian broker/dealer Sprott Securities, and its flagship offshore long/short equity fund, which has a bias towards Canada, has had impressive returns.
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