In the second episode of Pender's World Cup Series, Senior Equity Analyst Felix Narhi joins host Laura Baker to explore why copying a winning strategy is often the fastest path to failure and what Team Canada's secret weapon reveals about finding your own irreplicable edge in soccer, business, and investing.

Award highlights the people behind Pender’s differentiated investment approach and long-term commitment to clients. Vancouver, B.C., June 23, 2026 – PenderFund Capital Management Ltd. (“Pender”), an independent, employee-owned investment firm, is pleased to announce that it has been named to the 2026 Best Workplaces™ in Financial Services & Insurance by Great Place to Work®. The […]

Dear Unitholders, The Pender Alternative Absolute Return Fund returned -0.4%1 in May, bringing year to date return to 0.7%. Euphoric market conditions continued in May, as ever-increasing AI spending was celebrated by investors. Fixed income continued to lag as an uptick in US inflation and the ongoing disruption to energy markets proved to be a […]

The Pender Alternative Special Situations Fund returned 1.1%1 in May, compared to the S&P/TSX Composite, which rose 2.5% during the month. Like most months this year, May brought heightened volatility driven by inflation concerns and geopolitical uncertainty. Heading into the month, there were concerns that equity markets were due for a pause. However, once again […]

As we move into June, the macro backdrop remains dynamic. Inflation stays front and center, shaped by several converging forces: ongoing conflict in the Middle East and supply disruptions tied to the Strait of Hormuz, the lingering effects of tariffs, AI-driven demand, and a broadening global growth recovery. Despite these factors, markets have continued to […]

As we find ourselves in the summer months, markets have not obliged the well-respected summer slowdown, instead greeting us with wave upon wave of volatility. Today's environment is characterized by a significant and widening bifurcation, driven by an unprecedented surge in demand for AI infrastructure and a similar acceleration in national security spending internationally. Nothing […]