First Coverage Inc. (www.firstcoverage.com), a web-based software company delivering industryleading coverage optimization solutions to the institutional investment community,announced today the winners of its 2006 ‘Top Performer’ Awards.
“First Coverage gives institutional investment professionals a completeunderstanding of the value provided by their sell-side coverage,” said RandyCass, CEO and Co-founder, First Coverage. “Our 2006 ‘Top Performer’ Awardsrecognize those firms and individuals during 2006 that generated the best returnsfor their buy-side clients. We would like to congratulate the winners in all categories.”
Merrill Lynch was given the award for generating the highest average return ofthe larger sell-side dealers. In addition, three of Merrill Lynch’s sales representatives won individual awards for outstanding performance.
“We spend time navigating the global Merrill platform for ideas that are suitableand generate performance for our clients and their investors” said Pat Burke,Managing Director Institutional Equity, Merrill Lynch. “To be recognized by FirstCoverage for excelling in this area is a tremendous honor for our company andthe team of individuals who work so diligently for our clients every day. We alsowould like to congratulate members of our sales team for their individualcontributions and thank First Coverage for this gratifying recognition.”
Sprott Securities was named the top independent firm for the returns generatedby its team.
“Sprott is honored to receive the top independent sell-side firm award from FirstCoverage, said Scott Lamacraft, CEO of Sprott Securities. “Sprott has alwaysendeavored to provide our clients with timely, well thought out investmentrecommendations. We are pleased that our efforts are being recognized by FirstCoverage and we hope to continue providing the same level of qualityopportunities for our clients in the future.”
Individual winners include Jamsheed Mehta and Scott Fromson of BMO whoclaimed the number one and two spots respectively for best performing tradeideas generated by representatives of an affiliated firm. Nirvaan Meharchand ofWellington West Capital Markets was given the award for generating the bestperforming trade idea from an independent firm and also won the award forhaving the highest average return on all of his ideas submitted to the buy-side.The winner of the 2006 best average return award for a larger firm was CIBC’sEmily Won.
Other winners included:
Top Firms –Affiliated Firms
1. Merrill Lynch
2. BMO
3. CIBC
Top Firms – Independent Firms
1. Sprott Securities
2.
3. Blackmont Capital
Top Ideas – Affiliated Firms
1. Jamsheed Mehta, BMO
2. Scott Fromson, BMO
3. Emily Won, CIBC
4. Grainne McGlynn, Merrill Lynch
5. Lara Zink, RBC
Top Ideas – Independent Firms
1. Nirvaan Meharchand,
2. Brian McLaughlin, Sprott Securities
3. Chris Naprawa, Orion Securities
4. Fabiene Evans, Paradigm Capital
5. Rob Weir, GMP Securities
Best Average Returns – Affiliated Firms
1. Emily Won, CIBC
2. Scott Fromson, BMO
3. Bruce Robb, Merrill Lynch
4. Sean Martin, Deutsche Bank
5. Lara Zink, RBC
Best Average Returns – Independent Firms
1. Nirvaan Meharchand,
2. Drew Basek,
3. Fabiene Evans, Paradigm Capital
4. Rob Weir, GMP Securites
5. Roger Poirier, Sprott Securities
For a complete list of First Coverage Top Performer award winners by sectorplease contact debbie.viveiros@firstcoverage.com.
First Coverage Inc.
First Coverage Inc. is a software company delivering industry-leading coverageoptimization solutions to the institutional investment community. With itsinnovative web application, First Coverage optimizes the relationship betweeninvestment professionals and their sell-side coverage. Coverage optimizationresults in measurably higher returns for the buy-side and their investors,enhanced visibility of the value generated by institutional salespeople andaccountability in the commission allocation process.
