TIM Group Announces Top Performing Brokerage Firms and Salespeople in Europe
TIM Ideas Top Performer Awards
LONDON -- March 12, 2014
TIM Group has announced the European results of the TIM Ideas Top Performer
Awards 2013, identifying the best institutional equity salespeople and their
brokerage firms in the region.
*Top bulge bracket brokerage firm: UBS Investment Bank
*Top mid-size and boutique firm: Panmure Gordon & Co
*Top salesperson: Diego Miranda of Fidentiis
The TIM Ideas Top Performer Awards, are now in their third year and are the
only quantitative rankings of equity salespeople. The awards recognise
consistent outperformance and are based on the alpha, or outperformance versus
relative indexes, of stock trading ideas authored by equity salespeople and
sent to their buy-side clients.
Trade ideas are specific, actionable recommendations, typically based on
in-house sell-side research combined with an understanding of market dynamics
and timing by the salesperson.
The top three bulge bracket brokerages with the best overall idea performance
1 UBS Investment Bank
2 Barclays Capital
3 Credit Suisse
The top ten mid-size and boutique brokerages with the best overall idea
1 Panmure Gordon & Co
2 Cantor Fitzgerald
3 ABG Sundal Collier
4 Numis Securities Ltd
6 Commerzbank AG
7 Main First Bank AG
8 Espirito Santo
10 Macquarie Group Ltd
The top ten salespeople with the best overall idea performance
Rank Author Company
1 Diego Miranda Fidentiis
2 Alfonso Higuero N+1 Equities
3 Tom Williams Jefferies
4 Michael Seabrook Panmure Gordon & Co
5 Nicholas Kennedy Fidentiis
6 Conor Smith Cantor Fitzgerald
7 Alfie Rowcliffe Numis Securities
8 Ana Maria Spratley BPI
9 Colin Orr J.P. Morgan
10 Leighton Thomas Canaccord Genuity
The top performing brokerages in each of ten sector specialties
Basic Materials Main First Bank AG
Consumer Cyclicals Barclays Capital
Consumer Non-Cyclicals ABG Sundal Collier
Energy ABG Sundal Collier
Financials Barclays Capital
Healthcare Vontobel Holdings
Industrials ABG Sundal Collier
Technology Main First Bank AG
Telecommunications J.P. Morgan
Utilities UBS Investment Bank
See results for all regions on our website:
Our Top Performer Awards are based on an analysis of the alpha generating
performance of almost a million long and short equity trading ideas sent to
clients in 2013 via the TIM Ideas Equities platform.
Performance is measured by the average relative return, per idea, from the
time it was initiated to the time it was closed, versus the performance of the
relevant regional or sector benchmarks, during that same period.
For the regional awards these benchmarks are S&P 500 for North America, STOXX
600 for Europe, MSCI AC for Asia (ex Japan), TOPIX for Japan and ASX300 for
Australia and New Zealand. For the sector awards we use the relevant MSCI
ETFs or index ideas are excluded.
We ignore investment amounts and calculate an idea's performance as the
percentage difference between close price and dividend-adjusted open price.
Average return over all ideas is combined with a scaling factor which rewards
individuals or firms who perform consistently well and have entered a
relatively high number of ideas.
In order to qualify for a top performing sales person award in 2013, an
individual contributor must have sent at least fiveideas in each quarter and
have a positive average relative return.
For a firm to be eligible for the top performing brokerage rankings, there
must have been at least five contributors who qualify forthe salesperson
award at that firm.
For the sector awards there must have been at least one qualifying contributor
at the firm. The level of required contribution was dependent on the sector.
Where these criteria returned empty positions, we reserved the right to
include authors with lowerlevels of activity.
We only ran sector awards for the North America and Europe regions.
Salespeople and brokerages were only eligible to be ranked in any category if
they agreed to participate in the awards andaccepted the publicity associated
with their publication.
TIM Group regards the following firms as 'bulge-bracket brokerages':
*Bank of America Merrill Lynch
TIM Group considers that all brokerages outside of the above are 'mid-size or
About TIM Group
TIM Group (www.timgroup.com) operates the world’s leading alpha capture
platform and network. Our TIM Ideas software and services help investors
achieve market-beating returns by filtering and evaluating brokers’ trade
ideas and presenting them to institutional investors in a structured,
efficient and transparent format.
Our network serves 4000 sell-side brokers, from 300 brokerage firms and 350
buy-side firms. We are committed to continually building a community and
developing products that serve financial professionals across the globe. We
have four offices on three continents and clients in 40 countries.
TIM Group is a private limited company, founded in 2002. It is employee owned
with outside venture capital investors that include Commonwealth Capital
Ventures of Boston, GrandBanks Capital of Boston, and Relay Ventures of
Natalie Hall, Marketing Manager
+44 (0) 20 7826 4308
+1 212 600 0886
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