For this week's live discussion at Inside the Market, we were joined by Frank Mersch, chairman, chief investment officer and senior portfolio manager with Front Street Capital.
Mr. Mersch is one of Canada's best-known fund managers who has over 30 years of experience in the investment industry, including 11 years as a fund manager with Altamira, where he gained rock star status for successfully beating the market.
A growth manager who concentrates on small- to mid-cap stocks, Mr. Mersch is keen on Europe right now and "disruptive technology" stocks - including social media platforms and firms involved in the fracking industry.
Mr. Mersch has made a successful comeback as a hedge fund manager after his career briefly came to a halt in 1998, when he was banned from working in the industry for six months after telling securities regulators that he misled them about his involvement in a penny stock investment while at Altamira.
Front Street's Canadian Hedge fund, which was launched to capitalize on the trading abilities of Mr. Mersch, has returned 8.4 per cent in the 12 months up to Aug. 31. Over the past 10 years, it has returned 6.6 per cent. Its top holdings as of Aug. 31 included Amaya Gaming, Bank of Nova Scotia, Martinrea International, Toronto Dominion Bank, Bank of America, and Canadian Natural Resources.
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Darcy Keith