Sprott Asset Management LP, the Toronto-based firm founded by Eric Sprott, started its first global macro multimanager fund as it seeks to attract institutional investors seeking low volatility.
The U.S., Spain and Greece are among developed nations whose borrowings put them in a “ring of fire” amid sovereign debt concerns, said Pacific Investment Management Co., which runs the world’s biggest bond fund.
Barclays Plc, the second-largest U.K. lender by assets, dismissed trading-division employees this week as it notified regulators its investment bank is cutting 275 jobs in New York City.
Canadian stocks are beating the world’s biggest markets this year, as a surge among gold miners propels the benchmark equity gauge toward a five-year high.
Sprott Asset Management LP is betting Canada’s bond market will be on the losing side of a deepening North American rivalry with Mexico for the fruits of a recovering U.S. economy.
Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, said full-year earnings fell after a drought curbed milk production.
"We continue to have large institutions around the world that see us as a global leader in resources."
- John Wilson on Dec 02, 2014