Pender’s Summer Hot List 2024
Pender’s Summer Hot List – 2024 July 4th, 2024 Written by PenderFund The Pender guide to what we think are the best books blogs, and podcasts to enjoy this summer is back! From business memoirs, […]
July 2, 2024
Forward Thinking. Finding Value.
Sweet ‘n’ Low: Finding exceptional value in unrated credit markets
As published in the Financial Post on 23 June 2024. Credit spreads serve as a premium offered to investors to offset the risks associated with bankruptcy. This quarter, high-yield credit spreads hit a decade-low of […]
June 23, 2024
Sam Altman, Donald Trump, and the return of the hype beast
As published in Finance et Investissement on 3 June 2024 (in French). Can SPACs, those beleaguered blank-cheque companies whose recent history is as volatile and unpredictable as the emotional health of a certain former president of […]
June 3, 2024
Risk tolerance is emotional and can’t be measured easily
As seen in the Globe & Mail on May 16, 2024 (for subscribers only) In the professional sphere, investment risk is defined in technical terms with mathematical ratios, such as standard deviation, Sharpe Ratio, Beta, […]
May 22, 2024
Coiled Tight: Smaller Companies Are Primed for Outperformance
As Published in CFA Institute Enterprising Investor on 8 May 2024. In his keynote speech at the Ben Graham Centre’s 2024 Value Investing Conference in Toronto, Jason Zweig, a veteran columnist for The Wall Street Journal, […]
May 8, 2024
Award-winning Morgan Housel discusses risk, data traps, and how to be happier
Award-winning Morgan Housel discusses risk, data traps, and how to be happier with PenderFund’s Amar Pandya presented by the CFA Society Vancouver “Risk is what you don’t see.”- Morgan Housel The biggest risks come from […]
May 8, 2024
Jason Zweig: “Mr. Market is moody, but he is not a moron”
“In our own stock-market experience and observation, extending over 50 years, we have not known a single person who has consistently or lastingly made money by thus following the market. We do not hesitate to […]
April 30, 2024
FP Answers: How do I decide when it’s time to sell an investement?
As published in the Financial Post on 26 April 2024 Question: Some of my security investments have increased in value in both my registered and non-registered accounts. I’m having a hard time knowing when to […]
April 26, 2024
FP Answers: Is the 60/40 portfolio no longer viable? If so, what’s the new normal?
Question: Is the 60/40 asset mix over because of higher levels of correlation between stocks and bonds? What is the rationale for having an allocation to non-correlated assets or hedge-fund strategies in a long-term diversified […]
April 19, 2024
Howdy, Neighbour! Canadian energy M&A in the spotlight
As published in Finance et Investissement on 6 March 2024 (in French). For the past three years, technology firms have dominated mergers & acquisitions activity. Last year marked an inflection point with the U.S. energy sector […]
April 15, 2024
What is a “behavioral edge” in investing? How does it potentially enhance returns? How can an investor develop it?
As published in the Financial Post on 29 March 2024. Q: What is a “behavioural edge” in investing? How does it potentially enhance returns? How can an investor develop it? – Giovanni FP Answers: “Behavioral […]
March 29, 2024
Pender Women’s Spring Reading List – 2024
Looking for some inspired reading this long weekend? Explore our Spring Reading List, curated by the incredible women at Pender.
March 25, 2024
Why this moment demands a new assessment of fixed income
As published in Wealth Professional on 21 March 2024. In a new paradigm, it’s time for advisors to learn new lessons about this key asset class. We had 14 years of ZIRP. Zero interest rate […]
March 21, 2024
Like Taylor Swift’s career, small-cap stocks are set for a rebound
As published in the Financial Post on 9 March 2024. Taylor Swift just won her 14th Grammy award and the Eras Tour surpassed the $1 billion mark with over 4 million tickets sold across 60 […]
March 9, 2024
International Women’s Day 2024
We asked the amazing women at Pender what this year’s theme #InspireInclusion means to them. Here’s what they said:
March 8, 2024
The “Leverage Effect” and business distress
As published in Finance et Investissement on 6 March 2024 (in French), and Conseiller on 25 March, 2024. There is a wide subset of different variables that can affect a business and lead it into […]
March 6, 2024
FP Answers: What does having a ‘moat’ mean in investing?
Question: In a fast-changing world of high-tech and geopolitical challenges, can you explain what having a “moat” means today? How can a small investor know if a company has a sustainable competitive advantage? — Cassandra […]
February 23, 2024
Mergers and Acquisitions in 2024: Headwinds to Tailwinds?
As published in CFA Institute Enterprising Investor on February 12, 2024 Global M&A plunged to a decade low last year, with $2.9 trillion in deal value announced, a 17% decline from the prior year. Dealmakers […]
February 12, 2024
What should an investor look for in a Canadian tech company?
First published in Financial Post: FP Answers on January 26, 2024 Question: In 2023 investment returns were primarily driven by the “Magnificent Seven”, U.S.-based, high-tech stocks. What about Canadian high-tech? What should investors look for […]
January 26, 2024
Understanding a company’s executive incentive compensation can highlight investment dangers
As seen in the Globe & Mail on January 15, 2024 (for subscribers only) “Never, ever, think about something else when you should be thinking about the power of incentives.” – Charlie Munger There is […]
January 15, 2024
2024: The Year of Opportunity in M&A
As published in Finance et Investissement on 8 January 2023 (in French). After a year when many buyers and sellers were waiting on the sidelines for improved visibility and a better environment to make deals, 2024 could […]
January 8, 2024
