The advantage for the hedge funds in the mortgage market lay in the inefficiency of that market and the lack of such fierce competition as existed in the much larger universe of macro hedge funds.

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Talackova was one of the 65 finalists selected to contend for the title of Miss Universe Canada and the honor of representing her country in the Miss Universe competition.

CNN: STORY HIGHLIGHTS

"The Miss Universe competition is designed to find the one person in the world whose human qualities make them worthy of the Miss Universe crown and title, " Allred said.

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Talackova, a 23-year-old Vancouver resident, also called on Donald Trump, who owns the Miss Universe competition, to state "in plain words" whether she will be able to compete and go forward to the Miss Universe final if she wins her country's contest.

CNN: STORY HIGHLIGHTS