On October 20, Amar Pandya, Portfolio Manager at Pender, moderated Canada Rearms: The Future of Defence, Industry and Investment, a CFA Society Vancouver panel at The Vancouver Club. The discussion focused on how Canada will meet the need of defence spending and the role of investing in scaling our domestic supply chain. Amar, who focuses […]

The Pender Alternative Special Situations Fund returned -4.0%1 in September, compared to the S&P/TSX Composite, which fell -2.6% during the month. September was a challenging month for equities, as continued inflation pushed central banks to begin tightening. With price pressures still running above target, both the US Federal Reserve and the European Central Bank raised […]

September was another challenging month for global equity markets. Concerns about inflation, alongside ongoing tensions in the Middle East, weighed on sentiment. US Treasury yields rose to multi-year highs across the curve, and the 30-year yield reached its highest level since 2002. The Pender Global Small/Mid Cap Equity Fund returned -4.9% in September, compared with […]

As rates moved higher in Q3, the class F units of the Bond Universe Fund were down 1.5%1, relatively outperforming their benchmark however by 1.5%2. This quarter saw the first US rate hike in over three years, with most of the move higher along the curve in Q3 taking place into quarter-end, post the Fed’s […]

In September, one theme was difficult to ignore: the growing divergence between the areas of the market driving returns and those being left behind. Dispersion has been a recurring feature of 2026, but it became particularly pronounced heading into the fall. For the month, the Pender US Small/Mid Cap Equity Fund declined 2.0%, roughly in […]

The return of the physical economy, the copper and power bottlenecks shaping the next commodity cycle, and why scarcity, security, and shifting policy are bringing Canada’s energy and critical minerals advantage into focus. In this episode of the Pender Podcast, host Laura Baker sits down with Heather Exner-Pirot, Senior Fellow and Director of Natural Resources, […]