Content area
Abstract
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.
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. [Gerard 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."