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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 ......................

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