Brendan Wood International

Recent Press - Brendan Wood International in the News



Quebec's Caisse Has Five Money Managers Among Top 50 in Brendan Wood Study
Jul - 16 - Bloomberg - Sean Pasternak

Caisse de Depot et Placement du Quebec, the pension-fund manager that posted a record loss in 2008, has five of the top 50 equity managers in Canada this year, according to a study by Brendan Wood International.

The Caisse's Jean-Frederic Berard, Jean-Francois Jolicoeur, Stephen Kibsey, Francois Lebel and Louis-Phillipe Thibodeau were among the top vote-getters in the poll of analysts obtained by Bloomberg News. It's the second annual study by Brendan Wood International, a provider of information used by capital markets businesses.

In the past 16 months, Canada's biggest pension-fund manager has cut jobs, scaled back the use of derivatives and exited businesses after reporting a C$39.8 billion ($38.3 billion) loss in 2008 on asset sales and writedowns tied to insolvent Canadian commercial paper.

The Montreal-based Caisse, which managed C$131.6 billion in net assets at year-end including C$46.4 billion in equities, hired former BCE Inc. Chief Executive Officer Michael Sabia as CEO in March 2009. The Caisse posted a 10 percent return on investments last year.

"We invest a lot in research and market analysis, and it's gratifying to see that our efforts are recognized by the industry," Jean-Luc Gravel, executive vice-president of equities at Caisse, said in a statement.

Canadian equities returned 37 percent last year for the Caisse, compared with a 31 percent return for the S&P/TSX Composite Index. At year-end, the Caisse held Canadian stocks valued at C$17.1 billion.

RBC Tops List

Royal Bank of Canada's RBC Asset Management unit topped the list for the second year with six money managers, including Stuart Kedwell and Doug Raymond. Phillips, Hager & North Investment Management, a unit of RBC, has two investors on the list.

Goodman & Co. had four on the list, including Oscar Belaiche and Rohit Sehgal. Sentry Select Capital also had four, including Sandy McIntyre and Kevin MacLean.

There were 19 new managers on the list this year, including Norm Lamarche of Front Street Capital Inc. and the Caisse's Berard.

"The Caisse is one of those pension funds with a complicated and politically demanding mandate," Brendan Wood, chairman of Brendan Wood International, said yesterday in an interview at Bloomberg's Toronto office. "They're responsible for the pension funds of the public-service employees of Quebec. It's an immense responsibility."

Surveyed 400 Analysts

The research company, founded in 1970 to investigate performance in capital markets, surveyed 400 analysts at 65 firms, with about half of those polled in Canada. The analysts were asked to name their top equity-portfolio managers based on their insight, knowledge and influence in the Canadian stock markets.

Brendan Wood International compiled the top-50 list based on the number of votes they received. It didn't release the vote tally for each money manager.

The following is a list of Brendan Wood International's 50 TopGun Canadian Portfolio Managers:

TopGun Asset Management Firm
Gary Baker Connor, Clark & Lunn
Chris Beer RBC Asset Management
Oscar Belaiche Goodman & Co.
James Black Beutel Goodman & Co.
Claude Boulos Selexia Investment
Benoit Brillon Selexia Investment
Stephane Champagne CI Investments
Robert Cohen Goodman & Co.
Robert Decker Aurion Capital Management
Britt Doherty Scotia Asset Management
Martin Dufresne Fiera Capital
Jean-Frederic Berard Caisse de Depot
Benoit Gervais Mackenzie Financial
Kevin Hall Guardian Capital LP
Jamie Horvat Sprott Asset Management Inc. /td>
Miranda Hubbs McLean Budden
David Jiles Leith Wheeler Investment
Jean-Francois Jolicoeur Caisse de Depot
Stuart Kedwell RBC Asset Management
Stephen Kibsey Caisse de Depot
Norm Lamarche Front Street Capital
Francois Lebel Caisse de Depot
Ari Levy TD Asset Management
Robert Lyon AGF Funds Inc.
Scott Lysakowski Phillips, Hager & North
Craig MacAdam Aurion Capital Management
Kevin MacLean Sentry Select Capital
Hugh McCauley Acuity Funds Ltd.
Jennifer McClelland RBC Asset Management
Sandy McIntyre Sentry Select Capital
Keith McLean GMP Investment Management
Dennis Mitchell Sentry Select Capital
Marcello Montanari RBC Asset Management
Margot Naudie CPP Investment Board
John Novak Connor, Clark & Lunn
Charles Oliver Sprott Asset Management Inc.
John Priestman Guardian Capital LP
Doug Raymond RBC Asset Management
Jacqueline Ricci J. Zechner Associates Inc.
Rohit Sehgal Goodman & Co.
Mike Simpson Sentry Select Capital
John Smolinski TD Asset Management
Brahm Spilfogel RBC Asset Management
Doug Stadelman Phillips, Hager & North
John Stephenson First Asset Management
Andrew Taylor Goodman & Co.
Louis-Phillipe ThibodeauCaisse de Depot
Scott Vali CI Investments
Steven Vertes Connor, Clark & Lunn
Malcolm White CI Investments

Brendan Wood Interview on 50 TopGun Canadian Portfolio Managers



GlobeAndMail

Tuesday, June 22, 2010 - Globe and Mail - Streetwise (Andrew Willis)

Two solitudes on the Street's top analysts

Corporate Canada and the institutional investor crowd have very different views of what makes a good analyst, according to the latest research rankings out of consulting firm Brendan Wood International. For 40 years, Brendan Wood has canvassed the buy side of the Street - the money managers - to find the "Top Gun" analyst in every sector of the market. For the financial crowd, these awards hold considerable significance, as an all star rating can translate into all-star compensation.

This year, Brendan Wood freshened up the format, asking both portfolio managers and executives at public companies to rank the sell side's analysts, at domestic dealers. (The shift comes as the consulting firm dives deeper into investment banking, from its traditional focus on equity sales, trading and research.)

The broadened approach courts controversy, as recent Wall Street scandals highlighted the perils of linking research coverage to corporate finance assignments. However, in talking to all the sources of revenue for a dealer, Brendan Woods is acknowledging the way the industry really works.

In theory, an analyst should be able to bridge the needs of institutions and corporate clients, by providing unbiased insight into a company and its industry. In practice, analysts and dealers struggle to square this circle. There's an unavoidable conflict between the dealer's dual role of sales agent on corporate transactions, such as stock sales, and purveyor of investment advice. The best analysts, and dealers, are those that do the best job of handling this conflict of interest.

Brendan Wood's survey shows the majority of analysts, intentionally or accidentally, gravitate to either investors or corporate clients. Knowing a great many analysts, I'd say the move tends to be unconscious. And the consulting firm found a select few sell side analysts have fans across all sectors.

In its latest survey, a quarterly update that features the three "Top Guns" in 11 different sectors, Brendan Wood names a total of 66 analysts who were judged among the top three in their fields. (Traditionally, the consulting firm produced just one ranking each year, naming the top three analysts in 30 sectors, all nominated by the buy side.)

Just 14 analysts were highlighted as best in class by both institutions and corporations. The consultants said the survey takes in views from 245 professionals at money managers, and executives at more than 500 public companies. Brendan Wood called these the "SuperLeague" analysts, and here is that short list, sector by sector:

Gold & Silver
Tanya Jakusconek - National Bank Financial
Barry Cooper - CIBC World Markets

Forestry
Richard Kelertas - Dundee
Sean Steuart - TD Securities

Industrial Products
Randy Cousins - BMO Nesbitt Burns

Income Trusts - Royalty
Gordon Tait - BMO Nesbitt Burns
Roger Serin - TD Securities

Oil and Gas
Martin Molyneaux - FirstEnergy Capital

Utilities
Linda Ezergailis - TD Securities

Insurance
Tom MacKinnon - BMO Nesbitt Burns

REITs
Michael Smith - Macquarie
Sam Damiani - TD Securities

Telecom
Greg Macdonald - National Bank Financial

High Tech
Michael Urlocker - GMP Securities

http://www.theglobeandmail.com/globe-investor/markets/streetwise/two-solitudes-on-the-streets-top-analysts/article1612811/

22 MAY 2010 - Brendan Wood International Announces the 75 European Portfolio Management TopGuns

CNBC

financialnews

400 Top Broker Analysts Rate Buy-Side TopGuns

PALM BEACH -- (May 21, 2010) - Worldwide advisory firm Brendan Wood International (BWI) today announced its list of TopGun Buy-Side Professionals in Europe. 75 portfolio managers and buy-side analysts made the final list from over 900 individuals at 250 institutions nominated by BWI's Panel of the TopGun broker analysts. The esteemed award reflects those most influential and with the best proficiency of the markets they invest in.

BWI's Panel of Analysts consists of 400 of the world's top sell-side analysts from 65 firms, representing over 80% of traditional trading. Investigative debriefings with these analysts occur on an ongoing basis. The results are based upon votes from the most recent 12 months. Portfolio managers and buy-side analysts selected as TopGuns were those with the greatest number of votes.

The 75 European Buy-Side TopGuns are:

TopGun Asset Management Firm
Adrian Croxson Och-Ziff Capital Management Group
Alberto Vigil-Escalera Santander Asset Management
Amanda Sisson JP Morgan Asset Management
Andreas Wagenhaeuser Deka Investment GmbH
Andy Griffiths Capital Group Companies
Anne Marden JP Morgan Asset Management
Anne Wade Capital Group Companies
Anthony Burton GLG Partners LP
Arthur Caye Capital Group Companies
Bruno Lippens Pictet Asset Management
Carine Salvy Ecofin Ltd
Carl Esprey GLG Partners LP
Carlos Siegrist Santander Asset Management
Charles Whall Newton Investment Management
Christian Schlimm Allianz Global Investors
Christoffer Malmer Arrowgrass Capital Partners LLP
Christopher Wheaton RCM - Allianz Global Investors
Daniel Lacalle Ecofin Ltd
Daniel Sarp Deka Investment GmbH
David Field Carmignac Gestion
David Morgan Putnam Investments, LLC
Didier Rheme Capital Group Companies
Douglas Upton Capital Group Companies
Ed Wallace Gartmore Investment Management
Emmanuel Martin Amundi Asset Management
Evy Hambro BlackRock Inc
Gadi Slade Capital Group Companies
Georges Lambert Capital Group Companies
Gerd Schubert Deka Investment GmbH
Heinrich Ey Allianz Global Investors
Huub Van Der Riet ING Investment Management
Ian Henderson JP Morgan Asset Management
Ingrid Allemand Amundi Asset Management
Isabel Buccellati AllianceBernstein
Isabelle Pajot AXA Investment Managers
Jan Luschen ING Investment Management
Jan Willem Vis BNP Paribas Asset Management
Jenny Norris AllianceBernstein
Jeremy Kelton JP Morgan Asset Management
Jim Rutherford Capital Group Companies
Joerg Sponer Capital Group Companies
John Longhurst Capital Group Companies
Jonathan Ingram HBK Capital Management LLP
Julien Jacob GLG Partners LP
Justin Bisseker Schroder Investment Management
Karen Kharmandarian Pictet Asset Management
Laura Balan Capital Group Companies
Leopold Arminjon Gartmore Investment Management
Luc Mouzon Amundi Asset Management
Lucy Bonmartel AXA Investment Managers
Luis Amusategui Cygnus Asset Management
Maria Toneva Fidelity Investments
Mark Becker Fidelity Investments
Mark Roginsinger UBS Asset Management
Markus Engels Allianz Global Investors
Martin Jonsson Brummer & Partners
Matthew Lanstone Capital Group Companies
Maurizio Lualdi Capital Group Companies
Melissa Gallagher T. Rowe Price
Peter Lawrence JP Morgan Asset Management
Pierre Valade GLG Partners LP
Rafael Garcia Arbej Och-Ziff Capital Management Group
Raphael Fiorentino AllianceBernstein
Robin Asquith JP Morgan Asset Management
Sam Elsokari SAC Capital Associates
Sean Salji Citadel Group LLC
Stephan Thomas Frankfurt-Trust Asset Management
Steven Ho JP Morgan Asset Management
Stephen Kirk Lansdowne Partners Ltd
Stuart Connell JP Morgan Asset Management
Stuart Reeve BlackRock Inc
Susana Penarrubia Fraguas DWS Investment GmbH
Tama Willis Fidelity Investments
Thijs Hovers Lucerne Capital Management, LLC
Tom Hedges Gartmore Investment Management

Brendan Wood, Chairman of Brendan Wood International, commented, "The TopGun portfolio managers and buy-side analysts were selected by their counterparties because they inspire and influence the investment community to deeper levels of investment wisdom. The results, according to our Panel, amplify the importance of collaboration, inspiration, hard analytical work and integrity in the critical relationship between buy-side managers and analysts and their sell-side counterparties. This quality of communication uproots essential findings which help establish shareholder confidence in organizations who deserve it and likewise expose the weaker suits of investment targets at the lower end of the Brendan Wood Shareholder Confidence Index."



TopGuns Out In Full Force
Amoryn Engel, Financial Post
Published: Saturday, March 20, 2010

One has to wonder who was minding the store considering many of Canada's top bosses were packed into the Royal Ontario Museum recently for the fifth Top Gun awards, presented by Brendan Wood International to companies, CEOs, CFOs and boards of directors who demonstrate outstanding value to shareholders.

The Top Gun designation is awarded by the Brendan Wood Worldwide Panel of Shareholders, consisting of 2,500 professional investors who manage trillions of dollars in equity capital. A total of 26 companies received Top Gun designations, selected from 250 Canadian companies evaluated. "In a year when shareholders lacked confidence in the capital markets, these companies and their management teams stand out as having been elected by shareholders for outstanding professionalism and integrity," said BWI chairman Brendan Wood.

Among the Top Guns celebrated were Sean Boyd of Agnico-Eagle Mines Ltd., RichardB. Clark of Brookfield Properties, E. Hunter Harrison (now retired) of Canadian National Railway, SteveW. Laut of Canadian Natural Resources Ltd., PatrickD. Daniel of Enbridge Inc., Randall K. Eresman of EnCana Corp., Tye W. Burt of Kinross Gold Corp., William J. Doyle of Potash Corp. of Saskatchewan Inc., Michael Lazaridis and Jim Balsillie of Research In Motion, Edward Sonshine of RioCan Real Estate Investment Trust, Juergen Schreiber of Shoppers Drug Mart Corp., and W. Edmund Clark of Toronto-Dominion Bank.



http://www.financialpost.com/story.html?id=2704671


Tuesday, March 9, 2010 BNN "Squeeze Play" - TopGun Companies for Shareholder Confidence Brendan Wood, Chairman of Brendan Wood International, discusses how Shareholder Confidence = outperformance. TopGun Global Companies, TopGun Canadian Companies, and TopGun Banks Globally are featured.
http://watch.bnn.ca/wednesday/#clip274480



http://watch.bnn.ca/squeezeplay/march-2010/squeezeplay-march-5-2010/#clip273166



Brendan Wood International Announces Annual Corporate TopGun Designations in Canada 2,500 Global Institutional Investors Rate "Best of the Best"

TopGun Press: TORONTO--(Marketwire - Feb 22, 2010) - Worldwide intelligence-based advisory firm Brendan Wood International (BWI) today announced its shareholders' choice list of Canadian TopGun Companies, CEOs, CFOs and Boards of Directors. A total of 26 companies received TopGun shareholder confidence designations, selected from 250 Canadian companies evaluated. In the large-cap categories, Agnico-Eagle Mines, Canadian National Railway, Canadian Natural Resources, Enbridge, EnCana, RioCan Real Estate and Potash Corp. of Saskatchewan received a sweep of all 4 designations. Recipients of the prestigious award reflect BWI's year-round discussions with investors worldwide defining their shareholder confidence criteria and identifying corporations that best meet investors' stringent tests. The TopGun designation is awarded by the Brendan Wood Worldwide Panel of Shareholders, consisting of 2,500 professional investors who in fact manage trillions of dollars in equity capital. Continuous investigative debriefings with shareholders throughout the world are performed on an ongoing basis. The results are based upon the ratings of investors throughout 2009. Through its "Shareholder Confidence Index," Brendan Wood International monitors the confidence level of investors and their advisors in companies and senior management of the world's largest and most transactionally active companies. Below is the list of Canadian TopGun recipients:

TopGun Companies - Shareholder Confidence (Alphabetically)
----------------------------------------------------------------
Agnico-Eagle Mines Limited
Barrick Gold Corporation
Brookfield Properties
Canadian National Railway
Canadian Natural Resources Ltd.
Crescent Point Energy Trust
Enbridge Inc.
EnCana Corporation
Goldcorp Inc.
Kinross Gold Corporation
Potash Corporation of Saskatchewan Inc.
Research In Motion
RioCan Real Estate Investment Trust
Rogers Communications
Royal Bank of Canada
Shaw Communications
Shoppers Drug Mart Corporation
Suncor Energy
Toronto-Dominion Bank
TransCanada Corporation


TopGun CEOs
--------------
Agnico-Eagle Mines Limited - Sean Boyd
Brookfield Properties - Richard B. Clark
Canadian National Railway - E. Hunter Harrison*
Canadian Natural Resources Ltd. - Steve W. Laut
Enbridge Inc. - Patrick D. Daniel
EnCana Corporation - Randall K. Eresman
Goldcorp Inc. - Charles Jeannes
Kinross Gold Corporation - Tye W. Burt
Potash Corporation of Saskatchewan Inc. - William J. Doyle
Research In Motion - Michael Lazaridis/James L. Balsillie
RioCan Real Estate Investment Trust - Edward Sonshine, QC
Shoppers Drug Mart Corporation - Juergen Schreiber
Toronto-Dominion Bank - W. Edmund Clark
*E. Hunter Harrison has since retired from the position of CEO

TopGun CFOs
--------------
Agnico-Eagle Mines Limited - David Garofalo
Brookfield Properties - Bryan K. Davis
Canadian National Railway - Claude Mongeau*
Canadian Natural Resources Ltd. - Douglas A. Proll
Crescent Point Energy Trust - Gregory Tisdale
Enbridge Inc. - J. Richard Bird
EnCana Corporation - Brian Ferguson**
Kinross Gold Corporation - Thomas M. Boehlert
Potash Corporation of Saskatchewan Inc. - Wayne R. Brownlee
RioCan Real Estate Investment Trust - Raghunath Davloor
*Claude Mongeau has since risen to the position of CEO **Brian Ferguson has since risen to the position of CEO at Cenovus Energy


TopGun Boards of Directors
--------------------------------
Agnico-Eagle Mines Limited
Canadian National Railway
Canadian Natural Resources Ltd.
Crescent Point Energy Trust
Enbridge Inc.
EnCana Corporation
Goldcorp Inc.
Potash Corporation of Saskatchewan Inc.
RioCan Real Estate Investment Trust
Shoppers Drug Mart Corporation

The Index ranks CEOs and CFOs based on the quality of management, including the positioning and strategy for the corporation; the depth of the management team and execution capability; and the accountability and clear communication with investors focused on the strategy and development of the business. The quality of the Board of Directors is measured based on whether they remain independent, consistently look out for the interests of shareholders and the extent to which they can influence the strategy and development of the business.

Additionally, 6 companies were nominated as TopGun Rising Star companies. A Rising Star company is a small/mid-cap company who is considered by investors to have superb management, strong positioning and an excellent growth profile.

The TopGun Rising Star Companies:
---------------------------------------
Boardwalk Real Estate Investment Trust
Bonavista Energy Trust
Dollarama Inc.
Eldorado Gold Corporation
Red Bank Mining Inc.
Silver Wheaton Corporation

BWI's Chairman Brendan Wood described the recipients as "the best of the best in Canada." He commented, "In a year when shareholders lacked confidence in the capital markets, these companies and their management teams stand out as having been elected by shareholders for outstanding professionalism and integrity. It's a testament to say that shareholders have the utmost confidence in your company during a time where confidence is difficult to come by."

TopGun award winners will be recognized at Brendan Wood International's upcoming TopGun Ball, in support of Lazarus Charities, on March 4th and again at the TopGun Worldwide Classic Conference, scheduled for later this year in Palm Beach, Florida.
http://www.marketwire.com/press-release/Brendan-Wood-International-Announces-Annual-Corporate-TopGun-Designations-in-Canada-1120142.htm



19 Analysts Join the Ranks of TopGuns for the First Time - TopGun Press

TORONTO, ONTARIO--(Marketwire - Nov. 2, 2009) - Worldwide intelligence-based advisory firm Brendan Wood International (BWI)'s TopGun Press today released the results of its 30th annual Equity Research, Sales and Trading Report. The Brendan Wood Panel consists of over 200 of Canada's largest and most influential buy-side portfolio managers and traders who provided in-depth rankings of analysts, sales professionals and traders based on who they 'vote to pay' and why. The BWI Panel also nominated the most influential analysts on over 100 of Canada's largest stocks. A TopGun analyst is one who finishes in the top three in his/her individual sector. The 2009 study saw 33 TopGuns rise to prominence who were not in the top 3 last year, with 19 of those analysts being nominated as a TopGun for the first time in their careers.

The 2009 TopGun Analysts ranking 1st in their sector are:

Sector
#1 TopGun Analyst
Alternative Energy
Matthew Akman (Macquarie Bank)
Auto Components
Peter Sklar (BMO Capital Markets)
Banks
Ian de Verteuil (BMO Capital Markets)
Base Metals & Mining
Greg Barnes (TD Newcrest)
Biotech / Healthcare
Doug Miehm (TD Newcrest)
Chemicals
Sam Kanes (Scotia Capital)
Communications Equipment
Mike Abramsky (RBC Capital Markets)
Consumer Products
Perry Caicco (CIBC World Markets)
Diversified Financials
Kevin Choquette (Scotia Capital)
Economics
John Aitkens (TD Newcrest)
High Tech
Chris Umiastowski (TD Newcrest)
Income Trusts (Royalty)
Menal Patel (National Bank Financial)
Income Trusts (Utilities/Pipelines)
Tony Courtright (Scotia Capital)
Index Analysis
Peter Haynes (TD Newcrest)
Industrial Products
Ben Cherniavsky (Raymond James)
Insurance
Tom MacKinnon (Scotia Capital)
Integrated Oil & Gas
Randy Ollenberger (BMO Capital Markets)
Media
Adam Shine (National Bank Financial)
Merchandising
Perry Caicco (CIBC World Markets)
Oil & Gas (Equipment & Services)
Roger Serin (TD Newcrest)
Oil & Gas (Exploration & Production)
Brad Borggard (CIBC World Markets)
Portfolio Strategy
Peter Gibson (CIBC World Markets)
Precious Metals & Diamonds
Tanya Jakusconek (National Bank Financial)
Pulp, Paper & Forest Products
Paul Quinn (RBC Capital Markets)
Quantitative Analysis
Peter Gibson (CIBC World Markets)
Real Estate & REITS
Neil Downey (RBC Capital Markets)
SmCap/SpSits
Anthony Zicha (Scotia Capital)
Software / Services
Richard Tse (National Bank Financial)
Technical Analysis
Mark Deriet (Cormark Securities)
Telecommunications & Wireless
Dvai Ghose (Genuity Capital Markets)
Transportation & Environment
Randy Cousins (BMO Capital Markets)
Utilities
Matthew Akman (Macquarie Bank)

Furthermore, eight analysts qualified as TopGuns in the global SuperLeague. A SuperLeague Analyst is one who is a nominated TopGun by both the BWI Institutional Panel of portfolio managers and by BWI's Corporate Panel of senior corporate executives.

The 2009 SuperLeague Analysts are:
 
Sector
SuperLeague Analyst
Diversified Financials
Kevin Choquette (Scotia Capital)
Income Trusts (Royalty)
Menal Patel (National Bank Financial)
Income Trusts (Royalty)
Brad Borggard (CIBC World Markets)
Oil & Gas (Equipment & Services)
Roger Serin (TD Newcrest)
Precious Metals & Diamonds
Tanya Jakusconek (National Bank Financial)
Precious Metals & Diamonds
Barry Cooper (CIBC World Markets)
Pulp, Paper & Forest Products
Sean Steuart (TD Newcrest)
Real Estate & REITS
Neil Downey (RBC Capital Markets)

BMO Capital Markets, TD Newcrest and Scotia Capital achieved TopGun Research Team designations with RBC in the runner-up spot.

GMP Securities, RBC Capital Markets and TD Newcrest ranked as having the TopGun Sales Teams with CIBC World Markets and Scotia Capital as runners-up. CIBC World Markets, BMO Capital Markets and TD Newcrest ranked as having the TopGun Trading Teams with RBC Capital Markets as runner-up.

According to Stewart Borden, the Brendan Wood International Partner in charge of Canada, Canadian investors continue to "vote to pay" a broad array of professionals and broker dealer organizations – "There is considerable integrity in the awarding of commissions by Canada's major investors," said Borden. "Investors are becoming weary of ineffectual regulations and intolerant of poor financial merchandise but continue to encourage broker dealers who focus quality coverage on investor interests."




03 September 2009 - Globe and Mail - Streetwise

MEET CANADA'S TOP 50 MONEY MANAGERS

For years, institutional investors have ranked the top analysts on the Street.

Now consulting firm Brendan Wood International has turned the tables, and enlisted sell side analysts in a ranking of the country's 50 "TopGun" equity portfolio managers.

These lists are more of a popularity contest than a testament to savvy stock-picking, but everyone loves rankings. Brendan Wood says the TopGun rating "reflects those with the best grasp of the industries in which they invest and those with the most influence in the Canadian market."

Here is Brendan Wood's list of the top money managers for 2008, arranged in alphabetical order:

Portfolio Manager
Asset Management Firm
Don Anderson
Phillips, Hager & North
Gary Baker
Connor, Clark & Lunn
Chris Beer
RBC Asset Management
Oscar Belaiche
Goodman & Company Investment Counsel
Paul Bloom
Bloom Investment Counsel
Stephen Bonnyman
Mclean Budden
Claude Boulos
Natcan Investment Management
Jeremy Burge
Capital International Asset Management
Stephane Champagne
CI Investments
Robert Cohen
Goodman & Company Investment Counsel
Serge Depatie
Natcan Investment Management
Charles Dillingham
Morguard Investments
Terry Dimock
Caisse de Depot et placement du Quebec
Brad Dunkley
Gluskin Sheff & Associates
Alastair Dunn
Connor, Clark & Lunn
Benoit Gervais
Mackenzie Investments
Dom Grestoni
Investors Group
Kevin Hall
Guardian Capital
Jean-Francois Jolicoeur
Caisse de Depot et placement du Quebec
Stuart Kedwell
RBC Asset Management
Stephen Kibsey
Caisse de Depot et placement du Quebec
Patrice Langlois
Caisse de Depot et placement du Quebec
Ari Levy
TD Asset Management
Leslie Lundquist
Bissett Investment Management
Kevin MacLean
Sentry Select Capital
Hugh McCauley
Acuity Funds
Sandy McIntyre
Sentry Select Capital
Dennis Mitchell
Sentry Select Capital
Marcello Montanari
RBC Asset Management
Bruce Murray
Mclean Budden
Margot Naudie
TD Asset Management
John Novak
Connor, Clark & Lunn
Charles Oliver
Sprott Asset Management
John Priestman
Guardian Capital
Doug Raymond
RBC Asset Management
Daniel Rice III
BlackRock Advisors
Rohit Sehgal
Goodman & Company Investment Counsel
Michael Simpson
Sentry Select Capital
John Smolinski
TD Asset Management
Brahm Spilfogel
RBC Asset Management
Eric Sprott
Sprott Asset Management
Tom Stanley
Resolute Funds Limited
John Stephenson
First Asset Management
Fred Sturm
Mackenzie Investments
Andrew Taylor
Goodman & Company Investment Counsel
Louis-Phillipe Thibodeau
Caisse de Depot et placement du Quebec
Scott Vali
CI Investments
William Webb
Gluskin Sheff & Associates
Malcolm White
CI Investments
Gordon Zive
RBC Asset Management


In summing up these ratings, Stewart Borden, the Brendan Wood partner in charge of Canada, said: "The results amplify the importance of collaboration, inspiration and integrity in the critical relationship between portfolio managers and sell-side analysts."





21 July 2009 - CNBC LONDON
THE POWER OF TOP ANALYSTS / SHAREHOLDER CONFIDENCE IN BANKS


"Investors are starting to discriminate amongst banks and separate the wheat from the chaff," Brendan Wood, chairman of Brendan Wood International.


http://www.cnbc.com/id/15840232?video=1189784074&play=1






Citiwire (UK) - 09 July 2009 - Ten Best Managed Companies in Europe

London-listed BG Group, the natural gas company, is among a pair of energy groups that lead a ranking of the top ten best-managed companies in Europe.

BG is a favourite of income investors, who argue that the stock provides capital growth and can potentially deliver longer-term dividend growth. It has, however, also been described as the 'most over-owned and over-loved stock in the UK stock market'. BG is the only UK company that makes the top 10, pipped to the top spot by Alstom, the French transport and energy infrastructure group.

Advisory firm Brendan Wood International quizzed 2,500 institutional investors and analysts about how well Europe's largest companies are run. It asked them to identify which companies stood out for hitting their targets and outperforming their peers, and, most importantly, whether they inspire confidence in shareholders.
Many of the top 10 are household names. H&M Hennes & Mauritz, the high street clothing chain, comes in at number three; French group Total, the fourth largest oil company operating in the UK, also makes it into the top 10, as does Nestle.

Brendan Wood, chairman of Brendan Wood International, said the list was crucial 'in today's economic climate of limited transparency, ritualistic corporate governance and frequent misalignment of executive compensation'.

The full list is:

Alstom (France)
BG Group (UK)
H & M Hennes & Mauritz (Sweden)
Fresenius (Germany)
Roche Holding (Switzerland)
Telefonica (Spain)
Nestle (Switzerland)
Total (France)
Novo Nordisk (Denmark)
Koninklijke (Netherlands)

http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=348782







Tuesday, July 07, 2009 - RioCan Real Estate Investment Trust Awarded Three 'TopGun' Designations by Brendan Wood International

TORONTO, ONTARIO, Jul 07, 2009 (MARKETWIRE via COMTEX) ----RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) today is pleased to congratulate Edward Sonshine, Q.C. for being awarded the TopGun CEO designation, Rags Davloor for being awarded the TopGun CFO designation, and to RioCan's Board of Trustees for being awarded the TopGun Board of Directors designation by the Brendan Wood International Shareholder Confidence Panel. RioCan was one of only three organizations in Canada to be awarded all three TopGun designations: TopGun CEO, TopGun CFO, and TopGun Board of Directors.

Key elements that distinguish a "TopGun" executive include; the quality of senior management, strong vision for corporate strategy, the depth of management team and execution capability, a demonstrated level of accountability, stringent corporate governance, the ability to place investor interests first, and clear concise communication about the direction and strategy of the organization with the investment community. The nominations are based upon the professional opinions of a worldwide panel of 2,500 asset managers, representing some of the world's largest shareholders and their advisors in 40 countries.

Mr. Sonshine joins a distinguished list of only 66 TopGun CEOs globally, and one of seven Canadian CEO's. Mr. Davloor was one of 51 TopGun CFOs globally, and one of only five Canadian CFOs to be named to this year's list. RioCan's Board of Directors was one of eleven Canadian boards to be selected to this year's list.

"More than 750 organizations were reviewed and evaluated in an exhaustive process using very specific criteria," said Brendan Wood, Chairman of Brendan Wood International. "The designation is an outstanding achievement, reflecting the thoughtful opinions of the world investment community."

"This recognition is the shared success of the organization, the board of directors, and all of the employees at RioCan who execute RioCan's vision day in and day out," said Edward Sonshine, Q.C. President and Chief Executive Officer of RioCan.

About RioCan:

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $6.2 billion as at March 31, 2009. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 247 retail properties, including 13 under development, containing an aggregate of over 59 million square feet. For further information, please refer to RioCan's website at www.riocan.com.

Contacts:
RioCan Real Estate Investment Trust
Rags Davloor
Senior Vice President & CFO
(416) 642-3554

SOURCE: RioCan Real Estate Investment Trust

http://www.foxbusiness.com/story/markets/industries/finance/riocan-real-estate-investment-trust-awarded-topgun-designations-brendan-wood/



Brendan Wood International Announces 11 TopGun Boards of Directors in Canada

TORONTO--(Marketwire - July 2, 2009) - Brendan Wood International (BWI), a worldwide intelligence-based advisory firm, today announced its list of 11 Canadian TopGun Boards of Directors, selected from 750 global companies by BWI's Worldwide Panel of Shareholders and TopGun analysts. This year's recipients reflect BWI's year-round discussions with investors defining their shareholder confidence criteria and identifying corporations that best meet investors' stringent requisites.

The TopGun designation is awarded by the BWI Worldwide Panel of Shareholders which consists of 2,500 professional asset managers. Investigative debriefs with investors continue nonstop throughout the world, the results being based on the votes of investors over the most recent 12 months. Through Brendan Wood International's Shareholder Confidence Index, the firm monitors the confidence levels of investors in the Boards of the world's largest and most transactionally active companies. Below is the list of Canadian TopGun Boards:

Company - Chairman
Agnico-Eagle Mines (AEM) - James D. Nasso
Agrium (AGU) - Frank William
Barrick Gold Corporation (ABX)- Peter Munk
Brookfield Properties Corporation (BPO) - Gordon E. Arnell
Canadian National Railway Company (CNR) - David G. A. McLean
Canadian Natural Resources (CNQ) - Allan P. Markin
Goldcorp (G) - Ian W. Telfer
Research in Motion (RIM) - Mike Lazaridis
RioCan Real Estate Investment Trust (REI.UN) - Paul Godfrey
Shaw Communications (SJR.B) - J. R. Shaw
TriStar Oil & Gas (TOG) - Paul Colborne

The Index ranks Boards of Directors based upon the quality of members and their ability to:

-- steer and deliver a winning strategy
-- place investor interests first
-- apply independent thought
-- take tough decisions
-- use stringent corporate governance.

The quality of the Board of Directors reflects on the CEO and vice versa, especially when the board is an active driver of the success of the corporation.



Shareholder Confidence vs. Value Investing

If half your life savings or more was lost, what capital or willingness to assume further risk would you have? Shareholder confidence trumps hidden value. If value in a company is credible to those holding the stock, the price will at least remain stable, if not indeed rise.

Add your views to Brendan's blog on Reuters:
http://blogs.reuters.com/great-debate-uk/2009/06/30/shareholder-confidence-vs-value-investing/


BUSINESS NEWS NETWORK - 24 JUNE 2009
Who are the Top Gun CFO's in Canada?

Business New Network (BNN) interviews Brendan Wood, Chairman, Brendan Wood International, as Mr. Wood joins The Close as guest host today.


Brendan Wood on the Business News Network's The Close


Stars and Dogs - 24 JUNE 2009 Guest judge: Brendan Wood, Chairman, Brendan Wood International

Brendan Wood on the Business News Network's The Close ...


FORBES: 23 JUNE 2009

The Market's Best Managers - Brendan Wood International, an advisory agency, has ranked the top 25 chief executive officers for 2009 based on their ability to make smart acquisitions, make themselves visible and expand the company's value propositions?
http://www.forbes.com/2009/06/22/top-gun-CEOs--intelligent-investing-survey.html


MARKETWIRE 22 JUNE 2009 - Brendan Wood International Announces Five TopGun CFOs in Canada

2,500 Global Institutional Investors Rate "Best of the Best"


TORONTO--(Marketwire - June 22, 2009) - Worldwide intelligence-based advisory firm Brendan Wood International (BWI) today announced its list of five Canadian "TopGun" CFOs. Globally, only 51 CFOs were selected from 750 international companies by BWI's Worldwide Panel of shareholders and TopGun analysts. Recipients of the prestigious award reflect BWI's year-round discussions with investors defining their shareholder confidence criteria and identifying corporations that best meet investors' stringent criteria.

The TopGun designation is awarded by the BWI Worldwide Panel of Shareholders, consisting of 2,500 professional asset managers. Continuous investigative debriefings with investors throughout the world are performed on an ongoing basis. The results are based upon the votes of investors over the most recent 12 months. Through the Brendan Wood Shareholder Confidence Index, the firm monitors the confidence level of investors and their advisors in CFOs of the world's largest and most transactionally active companies. Below is the list of Canadian TopGun CFOs:

CompanyCFO
Agnico-Eagle Mines Ltd. (AEM)David Garofalo
Canadian National Railway Company (CNR) Claude Mongeau
Canadian Natural Resources Ltd. (CNQ) Douglas A. Proll
Manulife Financial Corporation (MFC)Peter H. Rubenovitch
RioCan Real Estate Investment Trust (REI.UN)Raghunath Davloor


The Index ranks CFOs based on the quality of management, including the CFO's financial strategy; the CFO's execution capability; as well as their accountability and clear communication with investors regarding the strategy and business development focus. The quality of the Board of Directors reflects on the CFO, CEO and vice versa, especially when the board is an active driver of the business success of the corporation.

BWI's Chairman Brendan Wood described the recipients as "the best of the best." He commented, "In a time when a lack of transparency has caused a host of economic problems, these CFOs stand out as having been elected by shareholders for outstanding professionalism and integrity."

See the full article at www.marketwire.com/press-release/Brendan-Wood-International-1007209.html

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REUTERS: 11 JUNE 2009

Worldwide intelligence-based advisory firm Brendan Wood International (BWI) announced today its list of 24 US "TopGun" CEOs, selected from 750 global companies by BWI's Worldwide Panel of shareholders and TopGun analysts. This year's recipients reflect BWI's year-round discussions with investors defining their shareholder confidence criteria and identifying corporations that best meet investors' stringent criteria.

The TopGun designation was awarded by the BWI Worldwide Panel of Shareholders. The Panel consists of 2,500 professional asset managers, representing over $40 trillion of investment capital. Investigative debriefs with investors continue nonstop throughout the world. The results are based upon the votes of investors over the most recent 12 months.

Through the Brendan Wood Shareholder Confidence Index, the firm monitors the confidence levels of investors and their advisors in CEOs of the world's largest and most transactionally active companies. Below is the list of US TopGun CEOs:

US Company CEO
Adobe Systems Incorporated (ADBE) Shantanu Narayen
Apple Inc. (AAPL) Steven P. Jobs *
Automatic Data Processing (ADP) Gary C. Butler
Brookfield Properties Corporation (BPO) Richard Clark
Colgate-Palmolive Company (CL) Ian M. Cook
Costco Wholesale Corporation (COST) James D. Sinegal
Emerson Electric Co (EMR) David N. Farr
General Dynamics Corporation (GD) Nicholas D. Chabraja
Gilead Sciences (GILD) John C. Martin
Google Inc. (GOOG) Eric E. Schmidt, Ph. D.
Hewlett-Packard Company (HPQ) Mark V. Hurd
JP Morgan (JPM) James Dimon
Kinder Morgan Energy Partners, L.P. (KMP) Richard D. Kinder
Lockheed Martin Corporation (LMT) Robert J. Stevens
McDonald's Corp. (MCD) James A. Skinner
Monsanto Company (MON) Hugh Grant
PepsiCo, Inc (PEP) Indra K. Nooyi
Petrohawk Energy (HK) Floyd C. Wilson
Procter & Gamble Company (PG) Alan G. Lafley
Range Resources Corporation (RRC) John H. Pinkerton
Schlumberger Ltd. (SLB) Andrew Gould
Simon Property Group (SPG) David Simon
Walt Disney Co. (DIS) Robert A. Iger
Wells Fargo & Company (WFC) John G. Stumpf
XTO Energy Inc (XTO) Keith A. Hutton

Notes: * denotes Currently on Leave of Absence

The Index ranks CEOs based on the quality of senior management, including the CEO's positioning and strategy for the corporation; the depth of the CEO's management team and execution capability; and the CEO's accountability and clear communication with investors focused on the strategy and development of the business. The quality of the board of directors reflects on the CEO and vice versa, especially when the board is an active driver of the success of the corporation.

See also http://www.reuters.com/article/pressRelease/idUS148914+10-Jun-2009+MW20090610



Financial Post


Thursday April 30, 2009

NATIONAL BANK FINANCIAL ADDS TO GLOBAL ENERGY TEAM

National Bank Financial scooped up a new co-head for its global energy team in Calgary yesterday as the dealer works to expand its presence in the oilpatch. Sandy Edmonstone, whose appointment was unveiled in an internal e-mail yesterday, has been tapped to cover junior and mid-sized oil and gas companies, while Rob Wonnacott, who was already leading National Bank's energy group, will focus large cap energy, pipeline and utility companies.

Mr. Edmonstone was ushered out of GMP Securities Inc. in July, 2008, shortly after Tom Budd, GMP's former president and head of investment banking, left. (Mr. Budd has a consulting contract with the independent dealer until the end of June). With Mr. Budd's right-hand man now a co-head of National Bank's energy group, keep an eye on whether Mr. Edmonstone will try to recruit his former boss.

"According to Brendan Wood data (which we studied intensively in picking our next hire) the duo [Mr. Edmonstone and Mr. Budd] essentially dominated the midcap energy space over the last five years," the internal memo said. "[Mr. Edmonstone] will be the first of several firm-wide hires in anticipation of the next up cycle in energy."

Mr. Edmonstone starts next week, but his appointment is effective immediately. "This is a big win and the first step of significant future investments to be made in our energy practice out in Calgary," the National Bank memo said.



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BUSINESS NEWS NETWORK - 04 JUNE 2009


Brendan Wood on the Business News Network's The Close

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Brendan Wood on News 1130:

Clip 1 | Clip 2 | Clip 3

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CNBC - Squawk Box



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CNBC - Squawk Box



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CNN - Financial News



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Report on Business Television



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Report on Business Television



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