Castle Hall Alternatives, a provider of operational due diligence to the hedge fund industry, is planning to create up to 50 new positions in Halifax, Nova Scotia, Canada.
The Province of Nova Scotia, through the company Nova Scotia Business, is working with Castle Hall Alternatives to provide a six-year payroll rebate to a maximum of CAD1,422,900, earned as the company creates positions.
The province’s assistance will help Castle Hall offset the costs associated with quickly expanding operations.
“Castle Hall offers investors a truly independent and unconflicted due diligence solution,” says Chris Addy (pictured), Castle Hall’s chief executive. “As we look forward, we are delighted to partner with the Province of Nova Scotia to access an experienced and stable pool of accounting and investment talent to support our ongoing growth.”
In addition, the company will receive up to CAD150,000 through the Department of Economic and Rural Development for training. Castle Hall Alternatives supports employee professional development both internally and through external accounting and investment qualifications and academic programmes.
"This is another important investment in jobs and a stronger economy," says Bill Estabrooks, acting Minister for Economic and Rural 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."
Managing directors Gillian Scott and Lori Barton lead Castle Hall’s presence in Nova Scotia. Both returned to the province after extensive careers in international finance outside Canada.
Castle Hall Alternatives helps institutional investors, fund of funds, family offices and endowments identify and manage hedge fund operational risk.
