The new Canadian-based firm oversees approximately $3 billion in assets under management.

SPR & Co, the company created to assume the portfolio management of the Canadian diversified asset business of Sprott Asset Management, has been renamed Ninepoint Partners.

The rebranding completes the transition initiated with the August 1 management-led buyout of the diversified asset business from Sprott Inc, the firm said in a statement.

Ninepoint Partners has assumed portfolio management of the Canadian diversified assets of Sprott Asset Management, including actively managed hedge and mutual funds, while also offering resource and precious metals strategies through a sub-advisory relationship with SAM. The new firm oversees approximately $3 billion in assets under management.

“Our plan is to continue managing as well as developing investment products that address some of the bigger portfolio challenges that investors face, like finding yield and adding meaningful diversification to a portfolio," said James Fox, co-managing director of Ninepoint Partners.

Ninepoint Partners is an independent investment manager based in Toronto.