Skip navigation

Mutual Fund News

BNN MARKET CALL: JEAN-FRANÇOIS TARDIF

BNN-Business News Network

Jean-François Tardif is a senior portfolio manager with Sprott Asset Management Inc. He is the lead portfolio manager for the Sprott Opportunities Hedge Fund LP.

FUND STATS

Total Assets$306.3-million

MER6.97%

Globe 5 Star Rating ****

Top Five Holdings

Timminco

Northstar Healthcare

Atrium

Genivar Income Fund

CargoJet

Performance

FundGroupS&P/TSX
1 year12.59%4.26%15.95%
2 year18.37%7.54%15.8%
3 year31.95%9.88%20.25%

Current Picks

Canadian T-Bills

Chasing the bear, Mr. Tardif is buying Canadian T-Bills as a no-risk alternative to cash, which he says is the safest way to hold cash.

Streettracks Gold ETF (GLD-N)

$70.97 (U.S.)

As Mr. Tardif's gold bullion equivalent to cash, Streettracks Gold ETF is a defensive play with upside should gold move in a positive way.

HBP 60 Bear+ E.T.F. (HXD-T)

$20.63

Mr. Tardif is buying the HBP 60 Bear ETF as a hedge only, betting the markets are going lower.

Past Picks: October 26, 2006

Wajax Income Fund (WJX.UN-T)

Then: $35.47 Now: $34.40, -3 %

Aastra Technologies (AAH-T)

Then: $30.78 Now: $34.79, +13%

Western Prospectors Group (WNP-T)

Then: $3.65 Now: $2.37, -35%

Market Outlook

As we witness the liquidity problems in the world and people taking their money out of banks and money market funds, as well as institutions not renewing short-term debt, risk is in the forefront of our minds. Mr. Tardif sees the current risk/reward profile as unattractive and as such has decreased substantially his long exposure.

BNN-Business News Network presents Market Call live Monday to Friday at 12:30 p.m. ET/9:30 a.m. PT. To send a question to upcoming guests, e-mail marketcall@bnn.ca.

© 2007 The Globe and Mail. All rights reserved.

Search Fund News


Advanced Search

GlobeinvestorGOLD.com

Only GlobeinvestorGOLD combines the strength of powerful investing tools with the insight of The Globe and Mail.

Discover a wealth of investment information and and exclusive features.

Free E-Mail Newsletters

  • Morning news headlines
  • Morning business headlines
  • Financial highlights
  • Tech alert
  • Leisure

Sign-up for our free newsletters



Back to top