Front Street Capital

Front Street Capital

May 30, 2013 16:01 ET

Front Street Capital Announces Appointment of Rick Brown as Senior Portfolio Manager of Fixed Income

TORONTO, ONTARIO--(Marketwired - May 30, 2013) -

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Front Street Capital ("Front Street" or the "Company") is pleased to announce the appointment of Rick Brown as Senior Portfolio Manager of Fixed Income effective June 10, 2013. Mr. Brown will be assuming fixed and variable income portfolio management responsibilities at the firm.

Mr. Brown joins the Front Street team with over 15 years of trading and investment experience in global capital markets. Prior to joining the Company, he was a Senior Portfolio Manager of Fixed Income at Stanton Asset Management Inc./O'Leary funds ("Stanton"), where he managed the fixed income team and the #1 fixed income fund in Canada*. Prior to working at Stanton, Mr. Brown managed a large relative value credit portfolio at BMO Capital Markets ("BMO"). He spent close to seven years in London, England, initially trading interest rate derivatives, before developing the credit and credit derivative businesses. He then spent an additional five years in BMO's Toronto office managing credit portfolios. Mr. Brown is a graduate of Bishop's University (BBA), University of Reading (M.Sc Finance), and obtained his CFA designation in 2000.

Mr. Brown will be responsible for implementing fixed income investment strategy and research, and driving the investment and re-allocation process. "I am pleased to be joining the Front Street Capital team and look forward to continued success under the leadership of Chief Investment Officer, Frank Mersch," said Mr. Brown. Mr. Brown will take over as lead portfolio manager of Front Street Diversified Income Class and will also be responsible for the fixed income investments for Front Street Growth & Income Class. Mr. Brown will replace Eric Dzuba, who has left Front Street to pursue other opportunities. The investment objectives of these funds remain unchanged.

"Front Street Capital would like to thank Eric Dzuba for his efforts over the past eight years, and we wish him all the best," said Gary Selke, CEO at Front Street. "Eric was instrumental in executing the groundbreaking Long/Short Income Trust Fund."

"On behalf of Norm Lamarche and the other portfolio managers at Front Street Capital, I would like to welcome Rick to the team," said Frank Mersch. "Rick's credit background will assist our clients in achieving their overall investment objectives. Rick's skill set strengthens our fixed income offerings and provides a global perspective on fixed and variable income."

Front Street Capital

Front Street is a Canadian money manager with approximately $2 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.

* The O'Leary Canadian Bond Yield Fund, managed by Rick Brown, was ranked #1 by Morningstar for fixed income performance in the 1- year and 3-year categories as at Feb 28, 2013.

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