Sextant Capital Sees Increased Flows with Water Fund

March 20, 2008

Water may seem like it's everywhere, but Otto Spork, president, CEO, founder and lead portfolio manager for Toronto-based Sextant Capital Management's three funds, said it is really a rare and increasingly scarce-and valuable-commodity. Spork, a former surgeon, and Sextant Capital, set up a water fund last April, the Sextant Strategic Global Water Fund. Invested primarily in three privately held water companies based in Europe, which are developing plans to export water to water scarce areas by ship, the fund has seen growth of 209.7% since inception.

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