TORONTO, March 3 /CNW/ - Blackmont Capital Inc. ("Blackmont") announced
today that it has been recognized as one of North America's top-performing
institutional brokerage firms in the 2007 First Coverage Top Performer Awards.
Blackmont was named as the first-ranked Canadian firm (second in North
America) based on highest average returns for all trade ideas sent through
First Coverage. The First Coverage rankings have been derived from the more
than 25,000 sell-side trade ideas communicated by over 800 salespeople at 250
firms via First Coverage in 2007.
"Blackmont is very pleased that our focus on high-quality idea generation
for clients is being recognized by First Coverage," said Jeff White, Head of
Institutional Equity Sales at Blackmont. "We hope to continue to differentiate
ourselves by providing ideas that generate meaningful absolute returns for
investors. It is a credit to the Blackmont team, and an endorsement of our
approach to client coverage, that we have received this honour from First
The First Coverage platform is a web-based application for institutional
brokerage and research firms to communicate trade ideas and other information
to their clients. First Coverage allows portfolio managers to objectively
measure, rank, and value the complete worth of each relationship they have
with the institutional salespeople who cover them. The annual 'Top Performer
Awards' are based solely on market performance and are the only truly
objective rankings of sell-side institutions available in the market today.
"We're very excited for Blackmont as we are for all of our winners," said
Randy Cass, CEO of First Coverage, Inc. "First Coverage represents an improved
method for the institutional sell-side to communicate with their clients. In
the less than two years since First Coverage was introduced, we've seen our
community of users grow to nearly 1,000 worldwide, a growth rate we feel
strongly validates the huge demand for more efficient means of doing business.
Seeing firms such as Blackmont use First Coverage to demonstrate the true
value they provide to their customers is extremely rewarding and
congratulations are most certainly in order."
About Blackmont Capital Inc.
Blackmont Capital Inc. is a full-service investment dealer, providing
clients with expertise in wealth management, institutional sales and trading,
investment banking, and research. Blackmont is an independently operated
subsidiary of CI Financial Income Fund. CI Financial is a Canadian-owned
diversified wealth management firm, publicly traded on the TSX under the
symbol CIX.UN. For more information on Blackmont, please visit
About First Coverage Inc.
Catering to more than 300 financial institutions worldwide, First
Coverage provides a web-based platform that simplifies the gathering,
evaluation and organization of all sell-side services and information. The
First Coverage platform helps buy-side professionals easily and quickly find
the information, data and other offered services that best align with their
own internal investment process creating greater efficiencies and greater
overall performance. For more information, visit www.firstcoverage.com.
For further information:
For further information: For Blackmont Capital, Jeff White, Head of
Institutional Equity Sales, (416) 864-2149, email@example.com; For First
Coverage, Jed Hamilton, Intermarket Communications, (212) 754-5479,