Fund administration

Scotia Asset Management makes portfolio adviser changes

Fri, 25/01/2013 - 14:13

Scotia Asset Management has made portfolio adviser changes to Scotia Private Income Pool and Scotia Private US Mid Cap Growth Pool.

Effective on or about 22 April 2013, Beutel Goodman is scheduled to become portfolio adviser for Scotia Private Income Pool, replacing the current portfolio adviser. Founded in 1967, Beutel Goodman specialises in applying a value approach to the management of Canadian and non-domestic equities in addition to managing global equity, balanced and fixed income mandates.  The firm's core fixed income style is active and seeks to add value through management of duration, yield curve and credit risk. Beutel Goodman is based in Toronto, serves both institutional and individual investors, and manages approximately USD31bn in assets as at 30 September 2012.

Effective on or about 22 April 2013, William Blair & Company is scheduled to become portfolio adviser for Scotia Private US Mid Cap Growth Pool, replacing the current portfolio adviser. Founded in 1935, William Blair is a global investment banking and asset management firm with approximately USD47bn in assets under management as of 30 September 2012. The firm manages money for institutional, private and mutual fund investors across geographies and asset classes, drawing on an investment-centric culture, deep intellectual capital and disciplined research processes. An independent and employee-owned firm, William Blair is based in Chicago and has offices on four continents.

Scotia Asset Management’s manager selection process leverages the research capabilities of investment management consultant NT Global Advisors, a Northern Trust affiliate, in identifying and evaluating best in class investment managers for Scotia Private Pools.

There will be no change to the investment objective of Scotia Private Income Pool or Scotia Private US Mid Cap Growth Pool as a result of the portfolio adviser changes.


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