In July, the Fund returned 2.5%1, ahead of the S&P/TSX Composite at 1.2% and the Russell 2000, which declined -4.1%, in an eventful month for Canadian and international markets. Canadian markets saw significant divergence in July, characterized by a rotation into value stocks and energy, while growth-oriented segments and broader small-cap indices faced headwinds. Market […]
The Pender Corporate Bond Fund dipped just slightly below breakeven in July (monthly return was -0.02%1) within the context of a negative fixed income environment that was afflicted by rising benchmark yields across the curve. The relative strength the Fund experienced was due, in large part, to our positioning in the oil and gas sector, […]
Hamed Shahbazi on founder lessons, public markets, and building WELL Health through M&A and digital transformation. In this episode of the Pender Ventures podcast, host Maria Pacella sits down with Hamed Shahbazi, founder and CEO of WELL Health Technologies. Hamed traces his journey from building TIO Networks, a bill payment infrastructure company acquired by PayPal, to founding WELL Health with a vision to modernize […]
At various points during July, it started to feel like markets were finally going to break. After months of defying negative headlines and ominous signals, this seemed to be the window for the correction many had been waiting for. Yet, it never really played out that way. As usual the bond market caught on to this […]
Pourquoi le processus l’emporte parfois sur la performance. L’un de mes balados préférés est How I Built This dans lequel Guy Raz demande à des entrepreneurs réputés comment ils ont bâti leurs sociétés. Je l’écoute depuis des années, en partie pour son côté humain, c’est-à-dire pour ces moments où un authentique et primitif sentiment de doute et d’échec précède la réussite ultime.
HubSpot’s founding CRO Mark Roberge shares a data driven framework for knowing when startups are ready to accelerate growth. In this episode of the Pender Ventures podcast, host Maria Pacella, Pender Ventures Managing Partner, sits down with Mark Roberge, HubSpot's Founding Chief Revenue Officer, Senior Lecturer at Harvard Business School, and Co-Founder of Stage 2 […]
As published in The Globe and Mail Investing is much about interpretation. Markets decide which ideas deserve confidence, which should fade and which assumptions have outlived the evidence. Individuals and organizations can craft compelling market narratives, but they can't control them forever. Narratives can take on lives of their own and persist after facts change, […]
Market Update June 2026 was defined by a stark divergence between resilient global indices and localized volatility, driven by a shifting geopolitical landscape and a turn in the AI narrative. The month brought a meaningful "broadening" as investors rotated away from dominant mega-cap tech names and toward more defensive and cyclical sectors, with focus shifting […]
La première moitié de l’année a été faite d’un peu de tout. Nous en sommes tous arrivés à attendre l’inattendu du président Trump, mais les événements qui se sont déroulés ont pris de court même les plus cyniques d’entre nous.
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