SOURCE: Scotiabank

Scotiabank

March 03, 2014 07:00 ET

Scotia Private Pools Announces Portfolio Advisor Change

TORONTO, ON--(Marketwired - March 03, 2014) - Scotia Private Pools™ today announced a portfolio advisor change to Scotia Private U.S. Mid Cap Value Pool (the "Pool"). 1832 Asset Management L.P. (the "Manager") is the manager of the Pool.

On May 1, 2014, Hahn Capital Management, LLC ("Hahn") is scheduled to become portfolio advisor for Scotia Private U.S. Mid Cap Value Pool, replacing the current portfolio advisor. Founded in 1988, Hahn is a privately owned firm based in San Francisco, California and manages approximately US$ 1.1 billion in assets as at December 31, 2013 spread across a diversified client base that includes high net worth individuals and families, public and corporate pension plans, separately and unified managed account platforms. It is a value-oriented money management firm that specializes in mid-cap equities. The founder, Elaine Hahn, has managed the mid-cap strategy since its inception in 1988 under the belief that risk management is key for generating strong long-term investment returns. By endeavoring to identify and quantify risks early on and following a fundamental bottom-up research process Hahn aims to remove emotion from portfolio management.

The Manager uses a manager selection process that leverages the global research capabilities of investment management consultant, NT Global Advisors, Inc., a Northern Trust Corporation affiliate, in identifying and evaluating best in class investment managers for Scotia Private Pools. Hahn's strong track record and proven team of investment professionals join an already strong lineup of portfolio advisors to the Scotia Private Pools. There will be no change to the investment objective of the Pool as a result of the portfolio advisor change.

Scotia Private Pools are a family of investment pools managed by 1832 Asset Management L.P. and are available through ScotiaMcLeod®, a division of Scotia Capital Inc., which is wholly owned by Scotiabank, and Scotia Private Client Group®. Scotia Private Client Group consists of private client services offered by Scotiabank, The Bank of Nova Scotia Trust Company, 1832 Asset Management L.P., 1832 Asset Management U.S. Inc., ScotiaMcLeod Financial Services Inc., WaterStreet Family Offices®, a division of 1832 Asset Management L.P., and ScotiaMcLeod. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. 

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently and past performance may not be repeated.

About 1832 Asset Management L.P.
1832 Asset Management L.P. offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.

About Scotiabank
Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $744 billion (as at October 31, 2013), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information please visit www.scotiabank.com.

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