Front Street Capital

Front Street Capital

May 22, 2013 13:00 ET

Front Street Capital Announces Chief Investment Officer Appointment and Portfolio Management Enhancements

TORONTO, ONTARIO--(Marketwired - May 22, 2013) -

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Front Street Capital ("Front Street" or the "Company") today announced the appointment of Frank Mersch as Chief Investment Officer to further strengthen the Front Street portfolio management team and fund products. In the coming weeks, Front Street will announce further additions to the team, as well as new product initiatives.

Mr. Mersch will oversee all of Front Street's portfolio management and research efforts. His leadership will be focused on maximizing investment performance and risk management for our clients. Mr. Mersch will continue to manage his Equity and Hedge mandates.

The investment landscape is changing, the nature of capital allocation is evolving, investors' needs are changing and Front Street is responding to that shifting reality. Mr. Mersch, traditionally a generalist with a strategic global focus, will be instrumental in leading management team process including overall asset allocation for the firm. While more changes will be announced, Front Street is evolving to respond to capital market changes and the needs of investors who are seeking income and growth from Canadian and international exposure.

"The appointment recognizes Frank Mersch's skills and further strengthens our ability to provide a strong foundation and positive momentum as we prepare for additional portfolio management changes and product-line enhancements," said Gary Selke, President and CEO of Front Street Capital. "Frank will provide leadership and will leverage the strengths we have built within the Company for the past several years. He will focus his efforts on broadening both the scope and depth of our investment capabilities and portfolio managers."

Portfolio enhancements are also underway at Front Street. Details regarding proposed fund mergers were outlined in the joint management proxy circular dated April 16, 2013 and sent to Shareholders of record on April 12, 2013. The joint management proxy circular is also available at www.sedar.com. The mergers are expected to occur on or about June 3, 2013.

Front Street Capital (www.frontstreetcapital.com)

Front Street Capital 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. 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.

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