/  7
 
Sprott Hedge Fund L.P. (Class A)
Sprott Asset Management LPRoyal Bank Plaza, South TowerTel: 416-943-6707 / 866-299-9906200 Bay St., STE 2700Web:
www.sprott.com
Benchmark 1: S&P 500 Index (CAD)Toronto, ON., Canada M5J 2J1Email:invest@sprott.comBenchmark 2: Credit Suisse/Tremont HFI L/S Equity YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2009
12.12%3.84%-3.02%-13.83%5.92%-4.46%-7.89%
-9.32%2008
-2.44%17.24%-2.87%-5.51%12.77%7.78%-9.87%-11.19%-12.78%-4.15%11.82%0.19%
-4.35%2007
-2.86%6.85%4.12%0.56%-2.53%-0.18%7.38%-9.52%10.32%6.05%-2.76%5.98%
23.85%2006
9.32%-2.89%12.52%4.91%-4.98%-3.00%4.37%2.25%-8.28%2.98%8.31%-0.47%
25.50%2005
1.33%6.04%-3.08%-0.93%-3.96%-0.56%2.37%2.21%8.14%-3.89%-3.43%8.14%
11.90%2004
1.57%5.19%3.63%1.42%-3.17%-2.34%5.42%-0.72%7.54%0.15%6.91%-1.91%
25.51%2003
0.79%1.34%-6.44%-12.56%-7.28%-3.95%5.57%5.94%3.87%4.26%2.33%2.14%
-5.79%2002
12.33%13.37%8.21%11.44%8.15%-1.24%4.12%4.69%6.21%-11.05%-9.04%13.25%
73.97%2001
3.52%16.52%3.71%1.40%1.17%11.32%5.73%5.63%8.48%-0.53%-5.38%0.84%
64.24%2000
4.90%1.50%
6.47%
Compound Rate of Return (Annualized)21.37%Standard Deviation23.07%Compound Rate of Return (Monthly)1.62%Downside Deviation (10.0%)13.93%Cumulative Return (Since Inception)442.63%Total Positive Months65Cumulative VAMI (Growth of $1,000)$5,426Total Down Months40Best 12-month Return112.55%Largest Monthly Gain17.24%Worst 12-month Return-26.21%Largest Monthly Loss-13.83%Comparative Analytics vs. BenchmarksCompound Rate of Return (Annualized)21.37%-7.95%5.01%Lead Portfolio ManagerPerformance (YTD)-9.32%-3.23%8.21%Fund Status
CLOSED
Sharpe Ratio (5.0%)0.75-0.87-0.02Fund Assets Under Management
$448 million
Sortino Ratio (10.0%)0.68-1.38-0.78Net Asset Value Per Unit
$54.26
 Alpha1.44%1.65%Management Fee / Incentive Fee
2% / 20% over 10% hurdle
 Annualized Alpha18.75%21.74%Minimum Initial Subscription / Term
$150,000 / 6 month lock-up
Beta-0.660.71Redemptions
Monthly (60 Day Notice Period)
Correlation-0.400.23Fund CodeR-squared0.160.06Fund Administrator
Citigroup
Legal Counsel
Heenan Blaikie LLP
* Figures updated as at June 30, 2009
 Auditors
Ernst & Young LLP
Fund DescriptionStatistical AnalysisMonthly Performance (% ) Net of Fees
Growth of Initial Investment ($1,000)Distribution of Monthly Returns
Eric SprottSPR 002
Fund Information
SprottHedgeFund L.P.(Class A)
S&P 500Index(CAD)
CreditSuisse/Tremont HFIL/S Equity*
$0$1,000$2,000$3,000$4,000$5,000$6,000$7,000$8,000$9,000
  N o  v -  0  0   M  a  y -  0  1  N o  v -  0  1   M  a  y -  0  2  N o  v -  0  2   M  a  y -  0  3  N o  v -  0  3   M  a  y -  0  4  N o  v -  0  4   M  a  y -  0  5  N o  v -  0  5   M  a  y -  0  6  N o  v -  0  6   M  a  y -  0   7  N o  v -  0   7   M  a  y -  0  8  N o  v -  0  8   M  a  y -  0  9
Sprott Hedge Fund L.P. (Class A)S&P 500 Index (CAD)Credit Suisse/Tremont HFI L/S Equity*
 
02468101214
         <       -                1                0                %       -                1                0                  t             o        -                9       -                9                t             o        -                8       -                8                t             o        -                 7       -                 7                t             o        -                6       -                6                t             o        -                5       -                5                t             o        -               4       -               4                t             o        -                3       -                3                t             o        -                2       -                2                t             o        -                1       -                1                t             o                 0                 0                  t             o                 1                1                 t             o                 2                2                 t             o                 3                3                 t             o                4               4                 t             o                 5                5                 t             o                 6                6                 t             o                  7                 7                 t             o                 8                8                 t             o                 9                9                 t             o                 1                0            >                1                0                %
Return Range (%)
   M  o  n   t   h   l  y   P  e  r   i  o   d  s
The Sprott Hedge Fund L.P. (the “Fund”) investment objective is to maximize absolute returns on investments. The Fund intends toaccomplish its set objective through superior securities selection by taking both long and short investment positions. The Fund’s managersmayalsoexecutearbitragestrategies,seekspin-offopportunitiesandparticipateinselectprivateplacementsinordertomaximizeinvestmentreturns.TheinvestmentteamwillvarytheallocationoflongandshortpositionsdependingontheirviewofthedomesticandinternationaleconomyandmarkettrendsincludingliquidityflowswithintheU.S.financialsystem.TheFundwilloverweightcertainindustrysectorsandassetclasses,suchascashandgold when deemed appropriate by the Investment Manager.
 
Sprott Hedge Fund L.P. II (Class A)
Sprott Asset Management LPRoyal Bank Plaza, South TowerTel: 416-943-6707 / 866-299-9906200 Bay St., STE 2700Web:
www.sprott.com
Benchmark 1: S&P 500 Index (CAD)Toronto, ON., Canada M5J 2J1Email:
invest@sprott.com
Benchmark 2: Credit Suisse/Tremont HFI L/S Equity YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2009
9.02%4.91%-3.01%-13.20%4.74%-4.69%-8.70%
-12.24%2008
-2.33%16.44%-2.08%-5.93%12.93%8.04%-8.84%-9.48%-8.73%-0.65%11.46%-0.44%
6.12%2007
-2.61%6.40%3.86%0.54%-2.52%-0.37%7.44%-8.52%8.47%5.64%-2.19%6.19%
22.92%2006
8.96%-3.07%11.26%4.28%-4.99%-3.02%4.15%2.14%-8.37%3.04%8.26%-0.64%
21.99%2005
1.30%5.76%-3.11%-0.71%-3.32%-0.46%2.33%1.64%7.18%-3.69%-2.52%6.51%
10.56%2004
1.60%5.28%3.09%1.45%-2.65%-2.41%5.26%-0.31%6.34%0.00%7.02%-2.97%
23.15%2003
0.11%0.84%-7.23%-11.74%-6.91%-3.57%4.84%5.57%3.73%4.34%2.26%1.98%
-7.29%2002
3.20%-11.14%-11.67%16.79%
-5.40%
Compound Rate of Return (Annualized)7.67%Standard Deviation22.04%Compound Rate of Return (Monthly)0.62%Downside Deviation (10.0%)14.73%Cumulative Return (Since Inception)66.74%Total Positive Months45Cumulative VAMI (Growth of $1,000)$1,667Total Down Months38Best 12-month Return49.50%Largest Monthly Gain16.79%Worst 12-month Return-22.30%Largest Monthly Loss-13.20%Comparative Analytics vs. BenchmarksCompound Rate of Return (Annualized)7.67%-4.15%7.46%Lead Portfolio ManagerPerformance (YTD)-12.24%-3.23%8.21%Fund Status
OPEN
Sharpe Ratio (5.0%)0.22-0.610.35Fund Assets Under Management
$483 million
Sortino Ratio (10.0%)-0.14-1.16-0.35Net Asset Value Per Unit
$16.67
 Alpha0.65%0.46%Management Fee / Incentive Fee
2% / 20%
 Annualized Alpha8.05%5.63%Minimum Initial Subscription
$150,000
Beta-0.610.86Term
6 month lock-up period
Correlation-0.370.30Contributions
Monthly
R-squared0.140.09Redemptions
Monthly (60 Day Notice Period)
Fund CodeFund Administrator
Citigroup
Legal Counsel
Heenan Blaikie LLP
 Auditors
Ernst & Young LLP
* Figures updated as at June 30, 2009
† $25,000 minimum available to accredited investors
Eric SprottSPR 004
Fund Information
Sprott HedgeFund L.P. II(Class A)
S&P 500Index(CAD)
CreditSuisse/Tremont HFIL/S Equity*
Fund DescriptionStatistical AnalysisMonthly Performance (% ) Net of Fees
Growth of Initial Investment ($1,000)Distribution of Monthly Returns
$600$800$1,000$1,200$1,400$1,600$1,800$2,000$2,200$2,400
  S  e  p -  0  2  M  a  r -  0  3  S  e  p -  0  3  M  a  r -  0  4  S  e  p -  0  4  M  a  r -  0  5  S  e  p -  0  5  M  a  r -  0  6  S  e  p -  0  6  M  a  r -  0   7  S  e  p -  0   7  M  a  r -  0  8  S  e  p -  0  8  M  a  r -  0  9
Sprott Hedge Fund L.P. II (Class A)S&P 500 Index (CAD)Credit Suisse/Tremont HFI L/S Equity*
0246810
           <         -                  1                  0                   %        -                  1                  0                   t               o        -                  9        -                  9                   t               o        -                  8        -                  8                   t               o        -                   7        -                   7                   t               o        -                  6        -                  6                   t               o        -                   5        -                   5                   t               o        -                  4        -                  4                   t               o        -                  3        -                  3                   t               o        -                  2        -                  2                   t               o        -                  1        -                  1                   t               o                  0                   0                    t               o                  1                  1                   t               o                  2                  2                   t               o                  3                  3                   t               o                  4                  4                   t               o                   5                   5                   t               o                  6                  6                   t               o                   7                   7                   t               o                  8                  8                   t               o                  9                  9                   t               o                  1                  0              >                   1                  0                   %
Return Range (%)
   M  o  n   t   h   l  y   P  e  r   i  o   d  s
TheSprottHedgeFundL.P.II(the“Fund”)investmentobjectiveistomaximizeabsolutereturnsoninvestments.TheFundintendstoaccomplishitssetobjective through superior securities selection by taking both long and short investment positions. The Fund’s managersmayalsoexecutearbitragestrategies,seekspin-offopportunitiesandparticipateinselectprivateplacementsinordertomaximizeinvestmentreturns.TheinvestmentteamwillvarytheallocationoflongandshortpositionsdependingontheirviewofthedomesticandinternationaleconomyandmarkettrendsincludingliquidityflowswithintheU.S.financialsystem.TheFundwilloverweightcertainindustrysectorsandassetclasses,suchascashandgold when deemed appropriate by the Investment Manager.
 
Sprott Bull/Bear RSP Fund (Class A)
Sprott Asset Management LPRoyal Bank Plaza, South TowerTel: 416-943-6707 / 866-299-9906200 Bay St., STE 2700Web:
www.sprott.com
Benchmark 1: S&P 500 Index (CAD)Toronto, ON., Canada M5J 2J1Email:invest@sprott.comBenchmark 2: Credit Suisse/Tremont HFI L/S Equity YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2009
8.87%4.93%-3.36%-12.70%6.02%-5.25%-8.03%
-10.95%2008
-2.38%16.47%-2.09%-5.81%12.43%7.51%-9.08%-9.33%-9.37%3.43%11.11%-0.26%
8.18%2007
-2.58%6.38%4.19%0.00%-2.39%0.22%7.77%-8.86%8.70%6.03%-2.55%5.73%
23.21%2006
9.30%-2.66%11.89%5.01%-5.00%-3.06%3.79%2.55%-8.30%2.98%7.91%-0.70%
23.98%2005
1.13%5.77%-2.88%-1.25%-2.84%-0.16%2.28%1.91%7.34%-3.78%-2.42%6.67%
11.51%2004
1.59%4.69%3.17%0.72%-2.51%-1.84%4.32%-0.36%6.86%-0.17%6.77%-2.22%
22.42%2003
0.57%1.13%-6.17%-10.96%-5.82%-3.80%3.95%5.70%3.60%4.34%2.70%2.02%
-4.18%2002
-9.20%15.86%
5.20%
Compound Rate of Return (Annualized)11.07%Standard Deviation21.30%Compound Rate of Return (Monthly)0.88%Downside Deviation (10.0%)13.63%Cumulative Return (Since Inception)103.14%Total Positive Months45Cumulative VAMI (Growth of $1,000)$2,031Total Down Months36Best 12-month Return47.84%Largest Monthly Gain16.47%Worst 12-month Return-17.09%Largest Monthly Loss-12.70%Comparative Analytics vs. BenchmarksCompound Rate of Return (Annualized)11.07%-3.93%7.72%Lead Portfolio ManagerPerformance (YTD)-10.95%-3.23%8.21%Fund Status
OPEN
Sharpe Ratio (5.0%)0.37-0.620.38Fund Assets Under Management
$134 million
Sortino Ratio (10.0%)0.07-1.18-0.31Net Asset Value Per Unit
$8.13
 Alpha0.91%0.70%Management Fee / Incentive Fee
2% / 20%
 Annualized Alpha11.51%8.78%Minimum Initial Subscription
$150,000†
Beta-0.590.85Term
180 Days (3% Penalty)
Correlation-0.360.31Contributions
Monthly
R-squared0.130.10Redemptions
Monthly (7 calendar days notice)
Fund CodeFund Administrator
RBC Dexia
Legal Counsel
Heenan Blaikie LLP
 Auditors
Ernst & Young LLP
† $25,000 minimum available to accredited investors
* Figures updated as at June 30, 2009
†† Post-distribution of $2.24 at 12/31/2008
Fund DescriptionStatistical AnalysisMonthly Performance (% ) Net of Fees
Growth of Initial Investment ($1,000)Distribution of Monthly Returns
SPR 005Eric Sprott
Fund Information
SprottBull/BearRSP Fund(Class A)
S&P 500Index(CAD)
CreditSuisse/Tremont HFIL/S Equity*
$600$850$1,100$1,350$1,600$1,850$2,100$2,350$2,600$2,850
  N o  v -  0  2   M  a  y -  0  3  N o  v -  0  3   M  a  y -  0  4  N o  v -  0  4   M  a  y -  0  5  N o  v -  0  5   M  a  y -  0  6  N o  v -  0  6   M  a  y -  0   7  N o  v -  0   7   M  a  y -  0  8  N o  v -  0  8   M  a  y -  0  9
Sprott Bull/Bear RSP Fund (Class A)S&P 500 Index (CAD)Credit Suisse/Tremont HFI L/S Equity*
 
024681012
           <         -                  1                  0                   %        -                  1                  0                   t               o        -                  9        -                  9                   t               o        -                  8        -                  8                   t               o        -                   7        -                   7                   t               o        -                  6        -                  6                   t               o        -                   5        -                   5                   t               o        -                  4        -                  4                   t               o        -                  3        -                  3                   t               o        -                  2        -                  2                   t               o        -                  1        -                  1                   t               o                  0                   0                    t               o                  1                  1                   t               o                  2                  2                   t               o                  3                  3                   t               o                  4                  4                   t               o                   5                   5                   t               o                  6                  6                   t               o                   7                   7                   t               o                  8                  8                   t               o                  9                  9                   t               o                  1                  0              >                   1                  0                   %
Return Range (%)
   M  o  n   t   h   l  y   P  e  r   i  o   d  s
The Sprott Bull/Bear RSP Fund (the “Fund”) investment objective is to maximize absolute returns on investments. The Fund intends toaccomplish its set objective through superior securities selection by taking both long and short investment positions. The InvestmentManagersintendtoinvestinopportunitiesthatprovidewhatthey,atthetimeofinvestment,believetobethebestrewardperunitofrisk.Allocationsof long and short positions will depend on the investment teams view of the domestic and international economy and markettrendsincludingliquidityflowswithintheU.S.financialsystem.TheFundwilloverweightcertainindustrysectorsandassetclasses,suchascashandgold when deemed appropriate by the Investment Manager.

Share & Embed

More from this user

Add a Comment

Characters: ...

adelalendtleft a comment

i been searching for this all week

abigaildonathleft a comment

i like it

katrinameersleft a comment

accurate information

eloisacabellleft a comment

Een van de interessantste plaatsen die ik heb ontmoet.

shanavitololeft a comment

awesome