The Canadian Hedge Fund Ecosystem Described
|Jun 11th, 2012 | Filed under: Alpha Strategies, Hedge Fund Industry Trends, Today's Post | By: cfaille||
A new handbook from AIMA Canada portrays the “afterglow” of that country’s strong banking industry, its success in coming through recent global crises unscathed, as a comparative advantage for the nation’s hedge fund managers.
AIMA Canada, a national group under the umbrella of the Alternative Investment Management Association, focuses in its handbook mostly on regulation, compliance, structuring, and the raising of capital. But the book’s early materials, which put the hedge fund industry in context, have their own fascination.
The handbook tells us, for example, that the bulk of Canada’s hedge fund managers will be found in Toronto, in the province of Ontario, where one can find “a growing and exceptionally dynamic hedge fund and alternative investment ‘ecosystem’ with new players constantly entering the market as spinoffs from local trading desks, traditional investment managers and other hedge funds.”
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Christopher Faille is a Jamesian pragmatist. William James has taught him, for example, that "you can say of a line that it runs east, or you can say that it runs west, and the line per se accepts both descriptions without rebelling at the inconsistency."