The man who was arguably the best performing junior resource fund manager IN THE WORLD from 2007-2013, Kevin Bambrough, Ex-President of Sprott Resource Corp., and President of Sprott Inc., abruptly departed the Sprott Group October 22, 2013 after an 11 year career with the embattled natural resources fund manager.
Mr. Bambrough delivered a 150% net asset value per share increase and grew assets under management from $77 million to $383 million between 2007-2013, while at the helm of the Sprott Inc. subsidiary he co-founded, Sprott Resource Corp.
This performance is even more impressive in that the TSX-Venture, a proxy for the junior resource market, fell over 75% during the same period.
In an exclusive interview to the Globe and Mail and CEO.CA, the 43 year old Toronto based resources financier Bambrough vows he will return to the sector after his non compete with Sprott expires in April, 2014.
“You have to be aggressive, but you have to balance that with extreme carefulness. Most portfolio manager blow-ups occur because they overestimate their abilities and let ego take over. Fear is healthy. And I hate losing money,” Mr. Bambrough commented during our recent interview.
Marc Faber, a director of Sprott Inc., and editor of the Doom, Gloom and Boom report, believes Bambrough’s best days are ahead of him. “I have known Kevin for 15 years and I have always been very impressed by his innovative and creative but disciplined investment strategy,” emailed the Swiss-based economist.
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