Toronto-based Bank of Nova Scotia announced on Friday that Chicago-based LSV Asset Management will be the new portfolio advisor for Scotia U.S. Low Volatility Equity LP as of Aug. 4.
LSV replaces the former portfolio advisor, whose services ceased earlier in July. The fund’s manager, Toronto-based 1832 Asset Management LP, assumed full portfolio advisor responsibility at that point and will continue to do so until LSV’s appointment is effective.
LSV is a quantitative value equity manager that provides active management for institutional investors through the application of proprietary investment models, according to the bank’s statement.
The new portfolio advisor manages approximately $90 billion in value equity portfolios for approximately 350 clients as of March 31.