While visiting Las Vegas, I found myself inside Oz. At The Sphere, I watched the 1939 classic The Wizard of Oz reimagined as a fully immersive experience, one that was part spectacle, part pilgrimage. You felt like you had arrived in Oz. Apples fell from the ceiling. Wind roared during the tornado. Drones and debris […]
Pender Focus At Pender, our equity team focuses on identifying opportunities at the intersection of sector and capital cycles, structural change, and market inefficiencies. Our core themes include Enterprise Software, AI, the Energy Transition, and the evolving geopolitical environment — with this paper exploring Defense as a key expression of today’s geopolitical shift, supported by […]
I was at the movie theatre recently, and before the feature even began, a trailer caught my attention: the new film adaptation of Wuthering Heights. It reminded me of a recurring phenomenon in both the creative arts and in markets – familiar stories are repackaged as something fresh. Classic adaptations often arrive with equal parts excitement and skepticism. The new Wuthering Heights film is no different. The marketing promises a timeless love story. […]
Over the holidays, I indulge in one of life’s simplest luxuries: time. Time to slow down, disconnect, and, most importantly, read. That usually means fiction; psychological thrillers, fantasy, page-turners, escapism. Reading for joy, and joy alone. This season, though, my holiday reading delivered a lesson I was not expecting — one that felt uncomfortably familiar to anyone who has spent time in the investing world. I […]
When a chief executive steps down, markets react quickly. Shares jump (or fall). Commentators debate whether the change signals renewal or crisis. Investors begin assessing the next “star” who might reignite growth. But leadership transitions rarely hinge on a leader’s charisma alone. Over time, the companies that endure are not built on stars ... but systems. Consider the West Coast’s […]
Investment Strategy and Current Opportunity Why is the current opportunity set attractive? AMAN BUDHWAR: The US small- and mid-cap universe offers a uniquely attractive opportunity today due to its scale, diversification, and exposure to powerful long-term growth themes. Many investors are surprised to learn that the US small- and mid-cap market alone is larger […]
As published in Canadian Family Offices. Investing in stressed and distressed companies can offer a chance to reap high returns. The idea of investing in distressed credit markets may sound daunting—it requires expertise in evaluating companies whose balance sheets are at risk. But some funds, such as the Pender Credit Opportunities Fund, see opportunities where others see trouble. […]
Pender's 12 Days of Holiday Inspiration is back! Discover your next read or listen with our guide to the best books and podcasts to enjoy this holiday season. From technology reshaping today’s economic and investment landscape to overcoming obstacles, our Investment Team has shared their best recommendations to inspire you. Aman Budhwar Laura Baker Eric […]
“To My Fellow Shareholders: I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting. As the British would say, I’m “going quiet.” Sort of.” Each year, investors and business leaders look to the shareholders letters of Warren Buffet not for forecasts, but for perspective. For decades, his reflections on Berkshire Hathaway […]
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