Front Street Capital is to sell Jemekk Capital Management to J2 Capital Management, a newly created corporation controlled by Gerard Ferguson.
J2 Capital will be assigned the investment management and portfolio advisory agreements relating to the Jemekk Total Return Fund and the Jemekk Long/Short Fund, subject to J2 Capital obtaining registration under applicable securities legislation.
The transaction is expected to close on or prior to 15 November 2016.
In connection with the closing of the transaction, Ferguson (pictured) will be leaving Front Street Capital and will continue to manage the Jemekk funds through J2 Capital. In addition, it is expected that Rick Ummat will also be joining J2 Capital concurrently with the transition of the Jemekk funds.
Ferguson joined the Front Street Capital group as a portfolio manager in 2013, when an affiliate of Front Street Capital purchased Jemekk, following which Front Street Capital became the manager for the Jemekk Total Return Fund and the Jemekk Long/Short Fund.
As Ferguson currently co-manages the Front Street Tactical Equity Class with Frank Mersch, his role with that fund will be transferred to Greg Taylor.
Taylor joined Front Street Capital in May, 2016 and manages the Front Street Select Equity Fund and also co-manages the Front Street Growth and Income Class.
