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Sprott Adds Fixed Income Specialist Mark Wisniewski

TORONTO, April 29, 2015 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott") is pleased to announce that Mark Wisniewski has joined the firm as Senior Portfolio Manager. Mr. Wisniewski is a fixed income specialist with a depth of experience in portfolio management and the trading and analysis of debt securities. Over the course of his career, he has managed several significant fixed income mandates at some of Canada's leading asset managers.

"Mark is a proven portfolio manager with decades of experience in fixed income investing and an excellent long-term track record," said John Wilson, CEO and Co-CIO of Sprott "His addition strengthens our fixed income capabilities and positions us well in this core category. We are pleased to welcome Mark to our team."

"We are committed to expanding our product offerings to provide our clients with a broader range of investment choices. Mark's credit strategy is complementary to our existing products and we believe his unique approach will appeal to both advisors and high net worth investors," said James Fox, President of Sprott.

Sprott also announced that it has entered an agreement with Davis-Rea Ltd. to transfer management of the Davis-Rea Enhanced Income Fund, an alternative fixed income fund, to Sprott. The Davis-Rea Enhanced Income Fund will continue to be managed by Mr. Wisniewski.

Mr. Wisniewski has more than 30 years of investment industry experience in fixed income. Prior to joining Davis Rea, he was Vice President and Portfolio Manager at Gluskin Sheff + Associates, where he managed $1.3 billion across several fixed income credit strategies. His previous roles include serving as Managing Director and Fixed Income Portfolio Manager at Fairlane Asset Management; Vice Chair and Head of Global Fixed Income at TD Securities; Executive Vice President and Manager of the Canadian Fixed Income Division of Goldman Sachs Inc.; and Managing Director, Head Trader and Manager of Fixed Income Trading and Sales at BMO Nesbitt Burns. Mr. Wisniewski received a Bachelor of Commerce from the University of Toronto.

About Sprott Asset Management

Sprott Asset Management LP is a leading alternative asset manager headquartered in Toronto, Canada. The company manages the Sprott family of mutual funds, hedge funds, specialty products, and passive products. The company also manages discretionary managed accounts. Please visit www.sprott.com to learn more.

CONTACT: Glen Williams Director of Communications Sprott Group T: 416.943.4394 E: gwilliams@sprott.com

Source: Sprott Asset Management