Media Room
Below you'll find the latest news & opinions from our team, as well as what others are saying about us. You'll also want to check out our audio/video files that provide industry updates from our portfolio managers.
Manager Commentary:
All | Norm Lamarche | Frank Mersch | Craig Porter | Eric Dzuba | Steve Duenkler | SteelPath Fund Advisors
You can also download a PDF version of our Perspective newsletter here.
All | Norm Lamarche | Frank Mersch | Craig Porter | Eric Dzuba | Steve Duenkler | SteelPath Fund Advisors
You can also download a PDF version of our Perspective newsletter here.
Manager Commentary:
All | Norm Lamarche | Frank Mersch | Craig Porter | Eric Dzuba | Steve Duenkler | SteelPath Fund Advisors
All | Norm Lamarche | Frank Mersch | Craig Porter | Eric Dzuba | Steve Duenkler | SteelPath Fund Advisors
Be sure to also check out our new Manager interview series, UP FRONT with Front Street Capital for spring, 2011. The latest video clips of our portfolio managers discussing emerging trends.
Recent audio/video resources
- Prakash Hariharan on BNN: Hedge Fund Panel - 27.01.2012
- Norm Lamarche on BNN - 15.12.2011
- Norm Conference Call - Market Update abridged - 18.07.2011
- Front Street Diversified Income Fund Webcast - 16.06.2011
- BNN Market Call with Front Street's Prakash Hariharan - 09.03.2011
- Norm Lamarche Webcast: Impact of Middle East Tensions on the Energy Market - 04.03.2011
- Frank Mersch Interviewed on News 1130 in Vancouver - 31.01.2011
- Frank Mersch - December 9th Market Update Conference Call - 09.12.2010
- Prakash Hariharan on Potash Corp. BNN - August 17, 2010 - 19.08.2010
- Prakash Hariharan on BNN - June 30, 2010 - 30.06.2010
- Prakash Hariharan on Strategies for a post-Greece World - 20.05.2010
- Prakash Hariharan on Putting Greece in Perspective - 13.05.2010
- Prakash Hariharan Discusses Front Street Diversified Income Fund - 13.05.2010
- BNN Interviews Prakash Hariharan - 01.04.2010
- Prakash Hariharan on BNN Market Wrap - March 19, 2010 - 19.03.2010
- Prakash Hariharan on Market Call Tonight - 01.03.2010
- BNN Interviews Prakash Hariharan - 27.01.2010
- Webcast: Front Street Flow Through Ltd. Partnership 2010 - 13.01.2010
- Webcast: Market Update with Frank Mersch - 09.12.2009
- Norm Lamarche on Natural Gas (Globe Investor) - 24.11.2009
- Norm Lamarche on Gold (Globe Investor) - 24.11.2009
- Webcast: Norm Lamarche on the current market - 28.10.2009
- Prakash Hariharan on Market Call Tonight - September 29, 2009 - 30.09.2009
- Prakash Hariharan on InveStyle - 17.09.2009
- Webcast: Front Street Flow Through Ltd. Partnership 2009-II - 16.09.2009
- Norm Lamarche On BNN's Trading Day - 01.09.2009
- Prakash Hariharan on Market Call Tonight - 06.07.2009
- Norm Lamarche On BNN's InveStyle - 02.06.2009
- BNN's Linda Sims Interviews Prakash Hariharan on InveStyle - 07.05.2009
- BNN's Linda Sims Interviews Frank Mersch - 13.11.2008
- BNN's Pat Bolland Interviews Frank Mersch Again - 22.10.2008
- Frank Mersch interview with BNN's Pat Bolland - 26.09.2008
- Norm Lamarche Presentation - 10.06.2008
- Front Street Flow-Through 2010-I and II - Rollover and Dissolution - 03.02.2012
- Front Street Flow-Through 2010-I LP and Front Street Flow-Through 2010-II LP - Rollover and Dissolution - 04.01.2012
- Société en commandite Front Street 2010-I et Société en commandite Front Street 2010-II - 04.01.2012
- Front Street Announces Filing Of Front Street Flow-Through 2012-I Limited Partnership Preliminary Prospectus - 03.01.2012
- Front Street MLP Income Fund II Ltd. Declares Quarterly Distribution - 21.12.2011
- Front Street Strategic Yield Fund Ltd. Declares Quarterly Dividend - 21.12.2011
- Front Street MLP Income Fund Ltd. Declares Quarterly Distribution - 21.12.2011
- Front Street MLP Income Fund II Ltd. Declares Quarterly Distribution - 21.12.2011
- Front Street Strategic Yield Fund Ltd. Announces Closing of Over-Allotment - 19.12.2011
- Front Street Strategic Yield Fund Ltd. Announces Closing of Offering - 02.12.2011
- Financial Post Investing: Don't Pay Too Much for Defence - 03.02.2012
- Prakash Hariharan on BNN: Hedge Fund Panel - 27.01.2012
- Report on Business Magazine - Invest like a legend: Frank Mersch - 27.01.2012
- Steve Duenkler, Investment Advisor for the Front Street Strategic Yield Fund Ltd., on BNN - 20.12.2011
- Norm Lamarche on BNN - 15.12.2011
- BNN Hedge Fund Panel Featuring Prakash Hariharan - 14.12.2011
- Prakash Hariharan on BNN - November 23, 2011 - 23.11.2011
- Globe and Mail: Growth versus preservation of capital: can you have both? - 04.11.2011
- 2012 Outlook for Natural Gas: The Norm Lamarche Interview - 21.10.2011
- Craig Porter provides insight to BNN - 08.09.2011
- Reuters: Investors Seeing Gold in Farmland, Infrastructure (Ceres) - 22.08.2011
- Front Street Capital Launches New Mutual Funds - 17.07.2011
- Why one of Canada's top investors is playing it safe - 14.06.2011
- Globe and Mail: Why one of Canada's top investors is playing it safe - 14.06.2011
- Morningstar: Resources manager is optimistic about "game-changing" new technologies - 14.04.2011
- Winning smaller-cap funds: A 20-year perspective - 13.03.2011
- Globe and Mail: Betting on energy trends pays off for Normand Lamarche - 04.02.2011
- Globe and Mail: Invest like a legend - Normand Lamarche - 03.02.2011
- Frank Mersch Interviewed on News 1130 in Vancouver - 31.01.2011
- Morningstar: A glittering decade, a lost decade - 27.01.2011
- When picking energy stocks, size really does matter - 17.01.2011
- Hot Dividend Stocks - Portfolio Manager Prakash Hariharan on BNN - 13.12.2010
- Globe and Mail: Labour-sponsored funds - a look beyond the tax credits - 25.10.2010
- Globe and Mail: Front Street funds take volatility in stride - 30.09.2010
- Prakash Hariharan on Potash Corp. BNN - August 17, 2010 - 19.08.2010
- Advisor.ca, Top 10 Performing Funds, Part 4 - 23.07.2010
- Macleans: Buy, Hold and Forget? A Customer Service Story - 21.06.2010
- Globe and Mail: Active ETFs add a new spin to a low-cost product - 26.03.2010
- Prakash Hariharan on BNN Market Wrap - March 19, 2010 - 19.03.2010
- Prakash Hariharan on Market Call Tonight - 01.03.2010
- BNN Interviews Prakash Hariharan - 27.01.2010
- Investment Executive - Norm Lamarche Investment Executive's Fund Manager of the Year in 2009 - 31.12.2009
- Norm Lamarche on Natural Gas (Globe Investor) - 24.11.2009
- Norm Lamarche on Gold (Globe Investor) - 24.11.2009
- Resources front and centre for this index beater - 23.11.2009
- Globe and Mail: Small Cap Funds Emerging As Winners - 17.10.2009
- Morningstar: Manager Monitor Featuring Frank Mersch - 02.10.2009
- Prakash Hariharan on Market Call Tonight - September 29, 2009 - 30.09.2009
- Prakash Hariharan on InveStyle - 17.09.2009
- Norm Lamarche On BNN's Trading Day - 01.09.2009
- Prakash Hariharan on Market Call Tonight - 06.07.2009
- Norm Lamarche On BNN's InveStyle - 02.06.2009
- BNN's Linda Sims Interviews Prakash Hariharan on InveStyle - 07.05.2009
- Twelve Wise Money Managers - 06.12.2008
- BNN's Linda Sims Interviews Frank Mersch - 13.11.2008
- BNN's Pat Bolland Interviews Frank Mersch Again - 22.10.2008
- Frank Mersch interview with BNN's Pat Bolland - 26.09.2008
- Globe & Mail: Frank Mersch 'weeks away' from calling market bottom - 26.09.2008
- National Post: China to carry loonie past US$, Mersch says - 20.09.2007
- National Post – FP Investing: China to carry loonie past US$ Mersch says - 20.09.2007
- Morningstar: Investors have been well rewarded for the risks this manager takes - 26.04.2007
- MorningStar: Norm Lamarche - 13.04.2007
- National Post – FP Investing: Front Street follows capital investment - 24.07.2006
- MAR Hedge: Front Street Capital sells itself as the way to play northern resources boom - 22.05.2006
- Dow Jones Newswires: Larmarche Says Get Used to Price of Oil - 29.06.2005
- National Post – FP Investing: New funds offer way to short income trusts – Hedging the trust boom - 18.05.2005
- National Post – FP Investing: Shorting strategies cut risk in income products - 25.04.2005
- National Post Business Magazine Hedge Fund Supplement: Alternative investments attract mainstream investors - 01.02.2005
- National Post: Frank is doing what Frank does best - 28.06.2004
- Report on Business: Money manager's spotlight – Normand Lamarche - 01.03.2004
- Financial Post: Small Fund Produces Really Big Returns - 26.01.2004
- Dow Jones Newswires: Lamarche Long On The Economy - 16.01.2004
- Financial Post: Secrets of Canada's Top Fund Manager - 16.01.2004
- Report on Business: Is it 93' again for the junior oils? - 19.09.2003
- Canadian Investment Journal: Hitting Home Runs in the Oil Patch - 01.06.2003
- Report on Business: Management key in rise of small caps - 06.01.2003
- National Post: Royalty rush breeds new kind of juniors - 06.01.2003
- Financial Post: Front Street adds a few new wrinkles, Fund looks like a mutual fund but it can short stocks - 01.05.2002
- Edmonton Journal: Star from the past 'starting over small' - 13.02.2002
- Globe Investor: New Labour - 12.02.2002
- Edmonton Journal: New fund targets oil, gas properties, Tuscarora Fund will Invest in West - 07.02.2002
- Report on Business: Mersch's Front Street uncaps energy venture fund - 05.02.2002
- National Post – FP Investing: Mersch, Lamarche launch energy fund Labour sponsored - 05.02.2002


Craig Porter - Q4 2011
Fear and expectations drove equity markets in 2011, as investors fled in droves. Typically they withdrew from investing in smaller-to-intermediate growth stocks, and ran to larger dividend paying stocks, driving the valuations of many companies, such as utilities, to what we feel are excessive. Concerns, fuelled by the credit downgrades and potential debt defaults in European countries, such as Greece and Italy. The front pages of the newspapers also told us about the overthrowing of governments in the Middle East, as well as the “Occupy” protest around the world.
Steve Duenkler - Q4 2011
Fund Performance
Norm Lamarche - Q4 2011 Commentary
The year 2011 will forever be remembered as the year of protests. In the Middle East and North Africa, from Tunisia to Egypt, Libya and Yemen, the Arab frustrations took to the streets to protest decades-long autocratic rule. In the Western World, streets were filled with those voicing concern over austerity measures, frustrations over capital market excesses, as well as government inabilities (unwillingness) to do the right thing. Beyond the press headlines, the protests did succeed in overthrowing four governments, a number likely to grow higher.
Eric Dzuba - Q4 2011 Commentary
The fourth quarter of 2011 finally gave equity investors a break from the double-digit losses of the third quarter. The Fund rose approximately 1.5% during the quarter, compared to a 3.1% return of the S&P/TSX Composite Index (TSX), while the loss for 2011 came to -3.2%, compared to -8.7% for the TSX.
Frank Mersch - Q4 2011 Commentary
An Extremely Frustrating Year Comes To An End
2011 will go down as one where macro events trumped many fundamentals and the bifurcation was probably the most extreme since I have managed money. Let us highlight some of our observations and frustrations.
Commodity Process Versus Underlying Equities
SteelPath Q3 Commentary