Hedge fund risk management shop Castle Hall Alternatives is expanding its Halifax, Nova Scotia, headquarters with the help of the province’s government.
The firm, which provides operational due diligence, could create up to 50 new positions in the Nova Scotian capital. The costs will be offset by more than C$1.4 million in payroll rebates over the next six years. Nova Scotia’s Dept. of Economic and Rural Development will also provide up to C$150,000 to support employee professional development.
“We're proud to be investing in a company that sees the importance of training and fostering new graduates and young professionals in our province,” said Bill Estabrooks, acting minister, said.
“We see a great strategic benefit in growing our business in Nova Scotia,” Gillian Scott, co-head of Castle Hill in Halifax, said. “Castle Hall reviews several hundred hedge funds per year, driving our need for skilled and flexible employees. Investors are looking to partner with companies that can offer a stable team of knowledgeable professionals, and that talent pool is available to us in Nova Scotia.”