Front Street Capital

Front Street Capital

November 11, 2013 16:54 ET

Front Street Capital Acquires Jemekk Capital Management

TORONTO, ONTARIO--(Marketwired - Nov. 11, 2013) -


Front Street Capital, Front Street Investment Management ("Front Street") and Jemekk Capital Management ("Jemekk") are pleased to announce that they have entered into an agreement, subject to regulatory approval, whereby Front Street will acquire Jemekk. The transaction is expected to close in December of 2013.

Front Street, established in 2001, is an award-winning* Canadian money manager with extensive experience across both Canadian and global capital markets. Jemekk was established in 2004 as a private asset manager catering to high net worth, family office and institutional clients. In partnership with these clients, Jemekk provides asset management across two platforms (Long/Short and Total Return) and three funds with the goal of providing superior risk adjusted returns.

Front Street's Chief Investment Officer, Frank Mersch commented that, "We are very pleased to welcome Gerard Ferguson to Front Street. Over the past few months we have focused our attention on building out our team, and with our bond specialist Rick Brown and Gerard now on board, we have addressed our near-term needs and taken aim at our long-term goals. Both these portfolio managers have over 20 years' experience and expertise, and will help to build out our core competencies."

The acquisition by Front Street provides benefits to Jemekk clients. Front Street has established the significant infrastructure and experience that asset managers will need in the rapidly changing competitive and regulatory environment experienced by the asset management industry. "The benefits of working with and leveraging the years of experience of the portfolio management team at Front Street will enhance our ability to provide a higher level of service to Jemekk clients," said Mr. Ferguson. "Most importantly, the opportunity to work with the highly respected team at Front Street-including legendary Canadian investment managers Norm Lamarche and Frank Mersch-is the driving force behind our decision."

Mr. Ferguson said, "I am extremely excited about this next evolution for Jemekk and look forward to working with Front Street to continue to build one of the leading asset management organizations in Canada. I look forward to talking with each and every Jemekk client in the days to come about this development."

Front Street Capital

Front Street is a Canadian money manager with over $1.5 billion in assets under management. Front Street manages various income and equity strategies, mutual funds, and flow-through limited partnerships. Front Street's portfolio managers have extensive experience in the investment industry with specific expertise in global energy and natural resources, North American technology, and agriculture. The Front Street group employs fundamental analysis, combined with a global macroeconomic perspective and comprehensive knowledge of the corporate landscape.

*In 2009, Norm Lamarche was named Investment Executive's Fund Manager of the Year.

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