EUROPE - Crédit Agricole Cheuvreux has been awarded the Farsight Award for its 'Utilities vs Carbon: Phase II' research paper.
Members of Enhanced Analytics Initiative (EAI), a body representing 29 investment firms and pension funds with over US$2.4trn of assets under management, submitted pieces of analysis to the Farsight Award judges. EAI has pledged 5% of brokerage commissions to rewarding research.
The paper 'Utilities vs Carbon: Phase II' was praised for its originality, quality, readability and clarity, sophistication and depth and usefulness to financial institutions.
Michael Mainelli, chairman of the judges and executive chairman, Z/Yen Group said: "The panel of judges were particularly impressed with Cheuvreux's report as they felt it set out challenging thinking about scenarios beyond 2012 for the European Emissions Trading Scheme and utilities.
"We hope the Farsight Award helps investment research institutions realise the demand for longer term research within the financial services industry, and helps the leading institutions gain recognition for their efforts."
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