Toronto-based 1832 Asset Management LP has announced that Berwyn, Penn.-based Coho Partners Ltd. will be the new subadvisor for Scotia Private U.S. Value Pool as of July 5.
The announcement, released on Monday, notes that 1832 Asset Management will remain the fund’s portfolio manager and the product’s investment objective will not change.
Coho is an independent, employee-owned investment firm that advises approximately $4.1 billion in assets on behalf of institutions, endowments, foundations and high net-worth clients.
“Coho’s investment philosophy is that the most effective way to create and sustain wealth is by investing in high-quality, stable and defensive companies whose dividends and earnings tend to grow regardless of the economic environment,” the announcement states. “They utilize a bottom-up investment approach, with a primary investment objective of protecting principal in a declining market.”
Scotia Private U.S. Value Pool is one product within Scotia Private Pools, a family of investment pool products that 1832 Asset Management manages and Toronto-based ScotiaMcLeod Inc., a division of Scotia Capital Inc., distributes.