Posted on 16/05/08
With Sprott, the funds may be best bet
Money managers around this country will have enjoyed a moment of catty glee yesterday when Sprott Inc. shares traded down slightly off its initial public offering.Investment types are even more envious than the rest of us when it comes to money, so you can rest assured that every one of them was bitterly aware of the amazing pay days Eric Sprott and his team enjoy. Sprott paid almost $300-million out in discretionary bonuses from 2005 to 2007, chump change by New York or London hedge fund standards, but in Canada? Please.
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