Front Street Capital

Front Street Capital

June 20, 2008 12:17 ET

Front Street Capital Announces Name Change

Front Street Small Cap Canadian Fund renamed Front Street Growth Fund to reflect strategy

TORONTO, ONTARIO--(Marketwire - June 20, 2008) -

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Front Street Capital is pleased to announce that Front Street Small Cap Canadian Fund has been renamed Front Street Growth Fund. This theme-driven Fund focuses on growth and is not restricted to small cap stocks.

"This name change reflects our exposure to all-cap equity with a focus on growth. Our objective is to achieve capital appreciation, and our mandate is broad in nature, which gives us the flexibility to move within various market cap companies. In fact, we currently own several large and mid cap companies," says Norm Lamarche, Front Street Capital portfolio manager.

The Fund, ranked #1 in Canada over 15 years and #5 in Canada over 10 years (source: Globefund.com), is managed by Norm Lamarche, the best mutual fund manager you've never heard of (The Globe and Mail), and advised by Front Street Investment Management Inc. The 10-year correlation of the Fund to the MSCI World Index is .16 and to the S&P 500 is .04.

Front Street Capital

Privately held and independent, Toronto-based Front Street Capital currently manages $2.8 billion in assets among various long/short equity strategies, mutual funds, limited partnerships and trusts. Front Street Capital is widely recognized as an established leader, one of the most successful and experienced investment groups in Canada. While the Firm invests primarily in Canadian equities, the revenues and profits generated by the underlying companies come from global emerging-market operations. Front Street Capital's portfolio managers have demonstrated long-term success in assessing global macroeconomic and structural forces driving energy and natural resource markets. Front Street Capital combines a sophisticated international viewpoint and comprehensive knowledge of the Canadian corporate landscape with sound fundamental and technical analysis of Canadian equities.

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