LONDON, 24 February, 2011 – Panmure Gordon & Co., a leading independent institutional stockbroker and investment bank, has been recognised as Top Ranked European Firm for 2010 by First Coverage, Inc, a global alpha capture technology firm, which objectively analysed sell-side trade ideas from over 350 firms globally.
Panmure Gordon Group Chief Executive, Tim Linacre, commented: “This award is a tribute to the quality of our analysts who produce high quality independent research and our salespeople who communicate the story.
“Having analysed hundreds of thousands of trade recommendations, communicated by thousands of sales people at hundreds of firms globally, we are delighted that First Coverage has ranked the quality of our research and institutional sales teams as being first in Europe.”
According to First Coverage, its alpha capture system is the only completely objective evaluation of the sell-side globally and in the past year, overall contributor participation has grown by over 200% globally.
Roland Beaulieu, CEO and President of First Coverage, said: “By most accounts, 2010 was a challenging year for stock picking given the macro events that impacted markets for much of the year. However, a number of high quality research firms and sales people were able to dramatically outperform their respective benchmarks and peers, and we’re happy to announce Panmure Gordon & Co as Top Ranked European Firm for 2010.”