Scotia Private Client Group revealed that they have launched their first alternative investment product, Scotia Long Short Equity Fund. The fund is available through its Private Investment Counsel. The new fund, the company suggests, will provide their investors with the potential to limit downside volatility and risk while partaking in the upside opportunities in the equity markets.
"In today's ever-changing environment, Scotia Private Client Group continues to strategically expand our investment platform to meet the needs of high net worth investors. We are pleased to provide this new investment solution to eligible clients. The addition of alternative investments underscores our commitment to continually look for innovative strategies to help meet our clients' evolving needs, which include a focus on risk management and capital preservation," Scotia Private Client Group head and Managing Director Richard McIntyre explained.
The company futher stated that GCIC Ltd. portfolio manager and vice president Noah Blackstein is sub-advising Scotia Long Short Equity Fund. The GCIC Ltd. vice president's investment history started in 1994 and since then he has proven to the industry that he is one most effective growth fund managers.
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