Sprott Asset Management announced Wednesday that Eric Nuttall has been promoted to lead portfolio manager of the firm’s small cap funds.
The Toronto-based hedge fund firm said that Nuttall will be responsible for managing the Sprott Small Cap Equity Fund and the Sprott Small Cap Hedge Fund. Nuttall will replace Allan Jacobs, who is leaving the position “to spend more time with his family and on his personal interests.”
According to the statement, Jacobs and Nuttall have worked closely together to facilitate the transfer of the portfolio management responsibilities for the two funds. The objectives and strategies of the funds will remain the same.
Nuttall, who joined Sprott in 2003, worked in various positions at the firm and was most recently the lead manager of the Sprott Energy Fund.
A subsidiary of Sprott Inc., Sprott Asset Management manages assets primarily for institutions, endowments and high net worth individuals.