Stock market superstar
Investment strategist ROHIT SEHGAL is synonymous with success
RohitSehgal, 62, vice president and chief investment strategist,
Dundee Wealth Management, claims he once
raised $40 million in 2 minutes. And that
claim is completely believable because his track
record is the stuff stock market mythologies are
In early 2007, some bankers called Sehgal to
consider investing in the Calgary-based
Athabasca Oil Corporation. Sehgal okayed $10
million. Then, the company found out it was
sitting on about 7 billion barrels of oil, which
made his investment worth $200 million.
‘Rohit has been raising the bar for growth
margins in Canada for more than 35 years,’ said
David Goodman, president and CEO, Dundee
Wealth Management, last year. ‘Under his lead-
ership we are setting up new standards for
investment excellence in Canada and around
It’s not just his boss that’s been showering
kudos on Sehgal.
‘In early 2008, his [Sehgal’s] fund was rated
by Barron’s magazine as the number two hedge
fund in the world over the three preceding
years, with a market-crushing 60 percent
annualized return,’ writes Bob Thompson, who
has interviewed a dozen stock market superstars of Canada, including Sehgal.
What is the secret of his success? “You have to
be passionate about what you are doing. You
have to be dedicated. You have to have a certain
drive, certain personality, and certain ambi-
tion. Sometimes, you get a break, an opportu-
nity that comes at the right point. That’s all
part of it.”
More important for him as a money manager
is “an environment which allows you to do your
best. For me that means un-bureaucratic. I
would never be able to survive in a bureaucrat-
Those in the know in the stock market world
say research is Sehgal’s secret weapon.
“You have to be ahead of the herd,” he laughs.
“I am informed by the amount of research I do
but at the same time, I know what I am looking
for, which sharpens the analysis. I try to look at
the right places and look at the right indicators.
Much of my attention is focused on the big picture, because I
believe the big picture offers a lot of signals to the investor.”
And he certainly can look at the big picture; he is credited to
have started looking to India and China before investors on Bay
Street could probably even pronounce ‘Mumbai’.
But the world of global finance has seen seismic changes in
the last year.
“Right now we are all feeling a little bit humbled,” Sehgal con-
cedes. “It is very difficult to hold up past achievements and the
recognition that sometimes accompanies that success as any-
thing other than what they are — past achievements. We are
facing something today that we have never faced before in
terms of the market’s performance. Patience and calm are
watchwords at a time like this.”
He has recently bought a home in Goa, India and he report-
edly wants to raise money to build a school for underprivileged
children. Goodman, however, reportedly said he ‘can’t envision
Sehgal’ quitting the business.