Scotia Private Pools Announces Portfolio Advisor Changes

TORONTO, ON--(Marketwired - November 21, 2014) - Scotia Private Pools™ today announced portfolio advisor changes to Scotia Private International Equity Pool, Scotia Private International Core Equity Pool, and Scotia Private Strategic Balanced Pool (the "Pools"). 1832 Asset Management L.P. (the "Manager") is the manager of the Pools.

On February 2, 2015, Strategic Global Advisors, LLC ("SGA") is scheduled to become portfolio advisor for Scotia Private International Equity Pool, replacing the current portfolio advisor. Founded in 2005, SGA is an employee-owned company based in Newport Beach, California and manages approximately $888 million in assets on behalf of both institutions and private clients. SGA employs an investment process focused on integrating traditional analysis with proprietary quantitative tools across their international, global and domestic equity portfolios.

On February 2, 2015, 1832 Asset Management L.P. is scheduled to become portfolio advisor for Scotia Private International Core Equity Pool, replacing the current portfolio advisor. 1832 Asset Management L.P. is a Canadian asset management firm based in Toronto, Ontario. 1832 Asset Management L.P. is a manager of mutual funds and is a provider of investment solutions for private clients, institutions, and managed asset programs.

On February 2, 2015, Lincluden Investment Management ("Lincluden") is scheduled to become portfolio advisor for Scotia Private Strategic Balanced Pool, replacing the current portfolio advisor. Founded in 1982, Lincluden is an employee-owned boutique investment management firm and manages over $3 billion in assets for a variety of institutional and private clients. Lincluden employs a traditional, value-based investment principle across a range of equity, fixed income, and balanced portfolios.

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 aiming to identify and evaluate best in class investment managers for Scotia Private Pools. SGA, 1832 Asset Management L.P. and Lincluden'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 Pools as a result of the portfolio advisor changes.