Sprott Announces Preliminary 2016 Year End Assets Under Management
TORONTO, Jan. 11, 2017 (GLOBE NEWSWIRE) -- Sprott Inc. (TSX:SII) ("Sprott" or the "Company") today announced its preliminary estimate of Assets Under Management (“AUM”) and Performance Fees for the year ended December 31, 2016.
The Company estimates that AUM as at December 31, 2016 was approximately $9.3 billion, compared to $7.4 billion as at December 31, 2015. On a preliminary unaudited basis, the Company estimates that it generated $11.1 million in Gross Performance Fees net of sub-advisor entitlements, compared to $3.6 million calculated on the same basis in 2015.
Sprott Inc. is a global alternative asset manager with three primary lines of business: Private Resources; Exchange Listed Products; and Alternative Investment Management. The Private Resource business platform houses the Company's private resource-focused asset management activities; the Exchange Listed Products business platform houses the Company's closed-end physical trusts and exchange traded funds ("ETFs"); and the Diversified Alternative Asset Management business platform houses the Company's full suite of public mutual funds, alternative investment strategies and managed accounts. Sprott Asset Management LP is the principal subsidiary of Sprott Inc. and the manager of both the Exchange Listed Products business line and the Diversified Alternative Investment Management business line. For more information, please visit www.sprottinc.com
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