One phrase that I feel is true more often than not is, “markets will do what makes the most people wrong". This August seems to have captured that phrase perfectly. During what is normally one of the quietest and most volatile parts of the calendar, anyone who stepped to the sidelines missed one of the […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were 0.0%1 in July 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned -0.4%2. M&A Market Update Global M&A activity remained near record levels through July despite some moderation from the exceptional pace of May and June. Approximately $3.19 trillion […]
VANCOUVER, B.C., August 31, 2026 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce the launch of the Pender Global Small/Mid Cap Opportunities Fund, designed to offer investors attractive risk-adjusted returns from exposure to growing global small- and mid-cap companies. The fund will be managed by Teresa Lee, CFA, Head of Equity Research at […]
Market Update July continued the themes of a summer of uncertainties, as global events continue to shape the macroeconomic backdrop, creating new opportunities as well as risks for investors. As the month came to a close, investors remained cautious as US-Iran tensions escalated, and once again shipping through the Strait of Hormuz came to an […]
The Pender Alternative Special Situations Fund returned -6.4%1 in July, compared to the S&P/TSX Composite, which rose 1.2% during the month. Fund Specific Updates July was a challenging month for the Fund, as our holdings in two of our key thematics (space/defense and critical minerals) underperformed. MDA Space Ltd. (MDA), Telesat Corp. (TSAT) and Kraken […]
Pender is proud to have been a sponsor for RBC Wealth Management’s Partner Golf Tournament, an event that brought together partners, sponsors, and guests to raise over $45,000 for Hospice Mississauga. District Vice Presidents, Josh Rowland and Michael Young represented Pender, who spent the day connecting with our partners at RBC and fellow sponsors. Thank you to the RBC team […]
VANCOUVER, B.C., August 24, 2026, PenderFund Capital Management Ltd. ("Pender") today announced its intention to terminate the Pender Alternative Arbitrage Fund (the "Fund") on or about October 30, 2026 (the "Termination Date"). Unitholders will not be required to take any action in connection with the termination of the Fund. Effective today, the Manager has suspended the right of unitholders to redeem their […]
The Pender Global Small/Mid Cap Equity Fund returned 0.1%1 in a challenging month for international investing. The MSCI World SMID Cap Gross Total Return USD Index (CAD) returned -2.1% in July, with emerging market (EM) small caps suffering a steeper 7.0% drop. Small-cap equities faced broad selling pressure globally during the month, underperforming their large-cap […]
VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months and six months ended June 30, 2026. Financial Highlights Net income was $7,241,975 for the three months ended June 30, 2026 (June 30, 2025 – net income of $8,742,446) due to positive investment performance […]
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