Scotiabank publishes guide on alternative mutual funds
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.
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