La recherche du moment opportun, un concept en vertu duquel les décisions de placement sont prises en fonction des mouvements boursiers anticipés, est une stratégie très séduisante – un peu à l’image des sirènes de la mythologie grecque qui se servaient de la beauté de leurs chants pour attirer et prendre aux [...]
Les « actifs alternatifs » ou « stratégies de placement alternatives » occupent une place de choix dans les médias financiers à l’heure actuelle. Mais de quoi s’agit-il en fait et comment ces actifs peuvent-ils offrir une longueur d’avance aux investisseurs? Traditionnellement, on entend par actif alternatif [...]
CIO and Portfolio Manager, Felix Narhi penned an article on what makes a contrarian investor a contrarian investor for Benefits and Pensions Monitor. Felix shared his thoughts on the attributes and thought processes that are considered contrarian and what are the common pitfalls to avoid. Article can be accessed on page 30 of the magazine. […]
Actionable insights from a sea of economic and market data. Geoff Castle catches up with Callum Thomas, founder and head of research of Topdown Charts for their annual podcast. Geoff and Callum reflect on 2022 and look ahead to 2023. Geoff and Callum revisit their prior conversation and discuss how their understanding of the market has evolved over the year […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) was up 0.3% in November, bringing year-to-date performance to 2.8% and one-year performance of 3.1%[1]. M&A Market Update Global M&A activity totalled $3.3 trillion through the first 11 months of 2022. This was the second highest deal total on record despite being down 36% from last year’s […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished November with a return of 0.3%[1], bringing year-to-date performance to 5.1%. November was one of the more difficult market environments for the Fund to navigate, as a market that is historically not cheap experienced sharp rallies. The high yield market was up for a second consecutive […]
HIGHLIGHTS We expect a further easing of inflation pressures as consumers and companies digest the impact of significantly higher rates. We find the prices of relatively strong corporate credits in the three to seven-year tenors to be very attractive. There are plenty of excellent issuers with credit yields of more than 6%. What could happen […]
VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months and nine months ended September 30, 2022. Financial Highlights (Unaudited) Net loss was $8,520,121 for the three months ended September 30, 2022 (September 30, 2021 – Net income $75,339,050) primarily the result of negative […]
Highlights The Fund initiated a position in the Twitter acquisition by Elon Musk. While this deal was a relatively bumpy ride, it’s also a great example of the contractual and legal strength of a definitive merger agreement. We believe we are now at the peak of the SPAC maturity cliff. Hundreds of SPACs, which were […]
« * » indique les champs nécessaires
