Marc Faber Buys Sprott Shares according to Canadian The Globe an Mail

Marc Faber, the famed investor known for his gloomy take on the markets, bought beaten-down common shares in asset management firm Sprott Inc. this month, regulatory filings show.

Paul Stephens, chairman and partner of Stephens Investment Management LLC, a San Francisco-based hedge fund, has also been snapping up shares.

Both Mr. Faber - who is the author of The Gloom Boom & Doom Report - and Mr. Stephens are directors of Sprott.

Eric Sprott, who is CEO of Sprott Inc. and oversees its resource-themed investment arm Sprott Asset Management, is one of the world’s best known gold bugs. While his bets on gold made him famous during bullion’s runup, his hedge funds have fallen drastically in value as prices for the commodity tumbled over the past year. Sprott Inc. shares are down more than 30 per cent year to date.

Read More >>>>>> : http://www.theglobeandmail.com/globe-investor/inside-the-market/marc-faber-snapping-up-shares-in-sprott/article13726525/

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber to advise Sprott Asset Management

Toronto-based investment firm Sprott Asset Management has launched its first multimanager fund for institutional investors, drawing on advice from the renowned investor Marc Faber.
'The world is going through a lot of changes which are not going to change from week to week. Marc Faber has a non-traditional view, which we respect and fits in with the firm's own outlook,' John Wilson, co-CIO at Sprott Asset Management, told Citywire Global.
The reason for starting the fund was that over time institutional investors have only been prepared to take on a certain amount of risk and need to see less volatile and more diversified strategies,' Wilson said. - in Citywire Global