Eric Sprott | |
---|---|
Born | 1944or1945(age 79–80) [1] |
Nationality | Canadian |
Alma mater | Carleton University |
Occupation | Investor |
Known for | Sprott School of Business |
Spouse | Vizma Sprott |
Children | 2 |
Eric Sprott (born 1944/45) is a Canadian billionaire businessman.
Sprott has a bachelor's degree from Carleton University. [1]
Sprott started his career as a research analyst with Merrill Lynch, before becoming a fund manager. [1] [2] In 2001, he sold his first company, Sprott Securities, to the company's staff, and donated $10 million to Carleton University, who renamed their business school, the Sprott School of Business. [1]
Sprott advised investors to buy gold before the 2008 financial crash. [3] Following the financial crisis, gold rallied to a new all-time high of over $2000/oz. [4]
The Sprott Molybdenum Participation Corporation was a dedicated commodity hedge fund created in April 2007 [5] to invest in molybdenum assets. The primary investment objective of the corporation was to achieve capital appreciation by investing in securities of private and public companies that explore for, mine, and process molybdenum. [6] The fund was listed on Toronto Stock Exchange under the ticker MLY.
He was the chairman of Sprott Inc, a Toronto-based asset management firm, from 2010 to May 2017. [2] [3]
Sprott is a "long-time gold bull", and claims to hold 90% of his assets (except for Sprott Inc shares) in gold and silver. [2] [1]
Sprott is married to Vizma Sprott [7] and has two children, Juliana Haver and Larisa Sprott. [1] [8]
A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals.
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Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
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The Caisse de dépôt et placement du Québec is an institutional investor that manages several public and parapublic pension plans and insurance programs in the Canadian province of Quebec. It was established in 1965 by an act of the National Assembly, under the government of Jean Lesage, as part of the Quiet Revolution, a period of social and political change in Quebec. It is the second-largest pension fund in Canada, after the Canada Pension Plan Investment Board. It was created to manage the funds of the newly created Quebec Pension Plan, a public pension plan that aimed to provide financial security for Quebecers in retirement. The CDPQ’s mandate was to invest the funds prudently and profitably while also contributing to Quebec’s economic development. As of December 31, 2023, the CDPQ managed assets of C$434 billion, invested in Canada and elsewhere. The CDPQ is headquartered in Quebec City at the Price building and has its main business office in Montreal at the Édifice Jacques-Parizeau.
The Sprott School of Business is a doctoral-granting business school at Carleton University in Ottawa, Ontario, Canada – the nation’s capital. It is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and the Network of International Business Schools (NIBS). The school explores complex management issues through its programs, interdisciplinary research and collaborative partnerships. It was named in 2001 for Eric Sprott, a well-known philanthropist, alumnus of the school, and precious-metals investor.
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Robin Crispin William Odey is a British hedge fund manager and founder of Odey Asset Management. According to Bloomberg in November 2017, he is "known for his bearish outlook" on the markets.
The Sprott Physical Uranium Trust is a Toronto-based holding company investing nearly all of its assets in uranium, both in the form of uranium oxide or uranium hexafluoride, with the primary investment objective of achieving capital appreciation in the value of its uranium holdings.
Gold Springs Resource Corp is a Canadian company that is pursuing the development of the Gold Springs gold-silver mine on the border of Utah and Nevada in the United States. Headquartered in Vancouver, the company is listed on the Toronto Stock Exchange in Canada and the OTCQX market exchange in the US. The company was founded in 2006 as the South American Silver Corporation, an equity carve-out of the General Minerals Corporation, to pursue exploration and development of the Malku Khota and Laurani mineral properties in Bolivia and the Escalones property in Chile. Following the nationalization of the Malku Khota property by the Government of Bolivia and the company's merger with the High Desert Gold Corporation for its Gold Springs project, the combined company renamed itself TriMetals Mining Inc in 2014. The company again renamed itself, this time to "Gold Springs Resource Corp", in 2019 after that project emerged as its principal asset.
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