Key Takeaways
- • Scotia Private Client Group launched Scotia Long Short Equity Fund on July 30, 2013, marking the firm's first alternative investment solution available through its Private Investment Counsel platform.
- • The fund targets accredited investors and is designed to limit downside risk and volatility while capturing upside equity market participation through a conservative long/short strategy.
- • Noah Blackstein, Vice President & Portfolio Manager at GCIC Ltd., serves as sub-adviser with a 17-year track record and over a decade of experience managing long/short strategies using fundamental, bottom-up analysis.
- • The fund employs active management with controlled market exposure to generate absolute returns and capital preservation regardless of overall market direction, utilizing both long and short portfolio positioning.
- • The launch underscores Scotia Private Client Group's strategic expansion to address high net worth investor demand for risk management and innovative investment solutions beyond traditional equity offerings.
Summary
Scotia Private Client Group announced the launch of Scotia Long Short Equity Fund on July 30, 2013, representing the firm's entry into alternative investment solutions for private clients. The fund is exclusively available to accredited investors and addresses a stated market need among high net worth clients seeking both downside protection and equity market participation.
Richard McIntyre, Managing Director and Head of Scotia Private Client Group, characterized the launch as part of the firm's strategic platform expansion to meet evolving client needs. The fund's structure reflects institutional investor focus on risk management and capital preservation—increasingly important considerations in volatile market environments.
The Scotia Long Short Equity Fund is sub-advised by Noah Blackstein, an established portfolio manager at GCIC Ltd. with a 17-year professional track record dating to 1994 and recognized industry credentials. Blackstein's investment approach emphasizes conservative long/short positioning, combining fundamental bottom-up research with active portfolio management to identify opportunities on both sides of the market.
The fund's investment methodology prioritizes absolute returns through controlled market exposure rather than benchmark-relative performance. By maintaining flexibility in long and short positioning, the strategy aims to generate consistent risk-adjusted returns independent of broader market direction. This approach appeals to institutional and high net worth investors prioritizing capital preservation alongside growth objectives, positioning Scotia Private Client Group competitively within the expanding alternative investment market segment.
Richard McIntyre, Managing Director and Head of Scotia Private Client Group, characterized the launch as part of the firm's strategic platform expansion to meet evolving client needs. The fund's structure reflects institutional investor focus on risk management and capital preservation—increasingly important considerations in volatile market environments.
The Scotia Long Short Equity Fund is sub-advised by Noah Blackstein, an established portfolio manager at GCIC Ltd. with a 17-year professional track record dating to 1994 and recognized industry credentials. Blackstein's investment approach emphasizes conservative long/short positioning, combining fundamental bottom-up research with active portfolio management to identify opportunities on both sides of the market.
The fund's investment methodology prioritizes absolute returns through controlled market exposure rather than benchmark-relative performance. By maintaining flexibility in long and short positioning, the strategy aims to generate consistent risk-adjusted returns independent of broader market direction. This approach appeals to institutional and high net worth investors prioritizing capital preservation alongside growth objectives, positioning Scotia Private Client Group competitively within the expanding alternative investment market segment.
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