Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

A lot of hedge fund talent in Canada but industry needs to be promoted

Wednesday, May 20, 2015

Komfie Manalo, Opalesque Asia:

Toronto, Canada could be the Hollywood of the hedge fund industry or the Milan of the hedge fund fashion industry, declared Luis Seco, President and CEO of local asset management firm, Sigma Analysis & Management, during the recent Opalesque Canada Roundtable.

He told participants of the Roundtable, "Sometimes I feel Toronto could be the Hollywood of the hedge fund industry. We have a small but vibrant hedge fund community; we all know each other although we tend to meet in New York of Dubai. We have some of the world’s smartest investors… who manage to attract many of their peers to come to Toronto for inspiration."

Seco said Hollywood’s decision to move to its present location in California has given the movie industry a nice weather that allows them to shoot movies all-year round, and a tranquil environment that helped in the development of the industry.

Given the strong presence of sophisticated investors in Toronto, the city could become the Hollywood, or the Milan of the hedge fund fashion industry. "If we could develop here a community that would make others fly in to find out what we are thinking about or what is the next gadget we are working on, that would lead to leadership," he added.

But Tim Pickering, portfolio manager, CIO, and co-founder of Calgary-based ......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1