Sprott Asset Management names Peter Loach Executive Vice President of Product Development

Business and Finance Business and Finance

Mon, December 14, 2009

[ Mon, Dec 14th 2009 ] - Market Wire

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Sprott Asset Management names Peter Loach Executive Vice President of Product Development

Sprott Asset Management names Peter Loach Executive Vice President of Product Development

^{Published on 2009-12-11 13:52:18 - Market Wire}

TORONTO, Dec. 11 /CNW/ - Sprott Inc. (TSX: SII) today announced that Sprott Asset Management LP ("Sprott Asset Management") has appointed Peter Loach to the position of Executive Vice President of Product Development. Sprott Asset Management is a business unit of Sprott Inc. and manager of the Sprott family of mutual funds, hedge funds and discretionary managed accounts.

"We are very excited to have Peter join our team. He brings with him a wealth of experience and a tremendous perspective on the investment industry," said James Fox, President of Sprott Asset Management. "We believe Peter's addition will provide significant value to our firm as we continue to seek the best investment talent and expand and diversify our product line up."

Peter Loach is widely recognized as one of Canada's leading fund analysts. Formerly, he held the position of Managing Director and Vice President of Investment Fund Research at BMO Nesbitt Burns, where he managed an investment fund research team that was responsible for evaluating retail mutual funds, hedge funds, structured notes and private equity funds.

About Sprott Inc.

Sprott Inc. is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. The company currently operates through three distinct business units: Sprott Asset Management LP, Sprott Private Wealth LP and Sprott Consulting LP. Sprott Asset Management is the investment manager of the Sprott family of mutual funds and hedge funds and discretionary managed accounts; Sprott Private Wealth provides wealth management services to high net worth individuals; and Sprott Consulting provides management, administrative and consulting services to other companies, including SRC (TSX: SCP). Sprott Inc. is headquartered in Toronto, Canada, and is listed on the Toronto Stock Exchange under the symbol "SII". For more information on Sprott Inc., please visit [ www.sprottinc.com ].