Alternative Absolute Return Fund – Featured
The Latest
Alternative Absolute Return – June 2024
Highlights The Fund participated in new issues from Saturn Oil & Gas Inc (TSX: SOIL) and G. Cooper Equipment Rentals (private). Currently, the Fund is focused on shorter duration and event-driven positions with good carry and minimal downside. The Pender Alternative Absolute Return Fund finished June with a return of 0.0% bringing year to date return to 4.2%[1]. Download the PDF. Volatility hit new cyclical lows in June, which is a challenging set up for the Fund as uncovering opportunities has become increasingly difficult as value in higher quality credit continues to erode. Spreads were broadly unchanged for the US…