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Sprott Steals AGF Gold Managers

I continue to be amazed at Eric Sprott's ability to build a power team of the top investors in Canada.  The AGF Precious Metals fund has been one of the best performers over the past years and now Sprott has stolen two of their managers, Charles Oliver and Jamie Horvat.  This is very good for the Sprott Gold and Precious Minerals fund.  Apparently John Embry will be handling the macro-forecasting while these two managers do the actual stock-picking.


(Full Disclosure:  I have a position in the Sprott Gold and Precious Minerals fund.)

By Theo at 2008-02-27 16:18 | Sprott | Theo's blog


AGF Managers

Here's more info:
"They'll be working with [chief investment strategist John Embry] and me," said Sprott chief executive officer Eric Sprott. "John's not leaving, but he is 67.

"We've always known we needed to provide some linkage for the future there. These guys are young and had excellent performances last year, and they are quite diversified in what they can do. They ran a lot of different investment styles at AGF, so they'll be very helpful to us and will complement the team. We have a pretty good group of guys here now."

Mr. Sprott added: "They will certainly be involved in precious metals. We may end up opening other funds they might run as well. For their own interests, they don't want to just do precious metals, so we'll probably open up something else."

However, he would not be specific. "No firm decision has been made there."
By Theo at Thu, 2008-02-28 01:16 | login or register to post comments