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Alternative Market Briefing

Toronto-based Front Street Capital in big roll-out

Wednesday, October 04, 2006

Toronto-based Front Street Capital has engaged Touchtone Group, LLC to be its exclusive institutional marketing firm in the US. Front Street has approximately $2.3 billion in assets under management and invests only in Canadian equities, which tend to be heavily weighted towards energy and resources. Front Street has developed extensive relationships with management teams throughout the country combining a sophisticated global macroeconomic viewpoint and comprehensive knowledge of the Canadian corporate landscape with sound fundamental and technical analysis of Canadian equities.

With its formation in October 2001, Front Street reunited two of Canada's most prominent investment managers: Messrs. Mersch and Lamarche, who had worked together from 1987 to 1995 at the Canadian investment firm Altamira Investment Services Inc. Initially, Front Street managed investment products for Canadian retail investors and selected institutions. In September 2003, the Firm began marketing to non-Canadian institutional investors with the launch of its Front Street Energy & Power Performance Fund (with present assets of US$334 million and a 33.9% net return from inception to August 2006).

Front Street currently has three broad long-short equity strategies available to non-Canadian investors including: diversified and opportunistic, energy and resource sector-focused, and long-short Canadian income trusts. Rapid Asian industrialization is driving, in part, the w......................

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