Sco­tia­bank pub­lishes guide on al­ter­na­tive mu­tual funds

Stockwatch Daily - - FINANCE - Mr. Daniel Doren­bush re­ports

BANK OF Nova Sco­tia has re­leased a guide for mu­tual fund man­agers in­ter­ested in launch­ing al­ter­na­tive mu­tual funds.

In a white pa­per ti­tled: “Liq­uid Al­ter­na­tive Funds: A Guide for Mu tu al Fu nd Man­agers,” the bank ex­plains how the Cana­dian Se­cu­ri­ties Ad­min­is­tra­tors’ newly minted reg­u­la­tory re­forms now al­low hedge-fund-style in­vest­ment strategies within Cana­dian mu­tual fund prospec­tus rules, mak­ing these al­ter­na­tive in­vest­ments more ac­ces­si­ble to in­vestors. “Sco­tia­bank has long been ded­i­cated to adding value to hedge fund and al­ter­na­tive as­set man­agers through a full-ser­vice global op­er­a­tion en­com­pass­ing all as­pects of prime ser­vices,” said Daniel Doren­bush, manag­ing di­rec­tor and head, Cana­dian prime ser­vices, at Sco­tia­bank. “As al­ter­na­tive in­vest­ment prod­ucts gain mo­men­tum in the Cana­dian re­tail space, we are uniquely po­si­tioned to part­ner with man­u­fac­tur­ers to bring new and in­no­va­tive prod­ucts to the mar­ket.” About Bank of Nova Sco­tia Sco­tia­bank is Canada’s in­ter­na­tional bank and a lead­ing fi­nan­cial ser­vices provider in the Amer­i­cas. The com­pany is ded­i­cated to help­ing our 25 mil­lion cus­tomers be­come bet­ter off through a broad range of ad­vice, prod­ucts and ser­vices, in­clud­ing per­sonal and com­mer­cial bank­ing, wealth man­age­ment and pri­vate bank­ing, cor­po­rate and in­vest­ment bank­ing, and cap­i­tal mar­kets. With a team of more than 96,000 em­ploy­ees and as­sets of $947-bil­lion (as at July 31, 2018), Sco­tia­bank trades on the Toronto Stock Ex­change and the New York Stock Ex­change.

Nora A Aufre­iter, Guillermo E Ba­batz, Scott Bar­clay Bon­ham, Charles H Dal­lara, Tiff Mack­lem, Thomas Charles O’Neill, Ed­uardo Pacheco, Michael Pen­ner, Brian J Porter, Una Marie Power, Aaron Wil­liam Re­gent, Indira V Sa­ma­rasek­era, Su­san L Se­gal, Bar­bara Su­san Thomas, L Scott Thom­son

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