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 Thibodeau | Caisse de Depot |
| Scott Vali | CI Investments |
| Steven Vertes | Connor, Clark & Lunn |
| Malcolm White | CI Investments |
Brendan Wood Interview on 50 TopGun Canadian Portfolio Managers
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
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:
| Company | CFO |
| 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
...

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
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.
...