In a recent interview with Benefits and Pensions Monitor, Lead Portfolio Manager Geoff Castle shares why energy is standing out as one of the more compelling risk-reward opportunities heading into 2026.

After years of underinvestment, depressed valuations, and limited investor attention, parts of the energy complex are offering asymmetric upside when viewed through credit and convertible structures. Geoff explains, "I think one of the opportunities is actually not in the commodities, but in the companies that help the world use energy more efficiently."

Read the full article to learn how the Fixed Income team is thinking about energy exposure, liquidity, and portfolio diversification: https://www.benefitsandpensionsmonitor.com/investments/alternative-investments/why-penderfund-is-leaning-into-energy-bets/393057