1.0Gestion de capital PenderFund ltéehttps://penderfund.com/frEvan Warburtonhttps://penderfund.com/fr/author/ewarburton/rich600338<blockquote class="wp-embedded-content" data-secret="0iMl1H9zBD"><a href="https://penderfund.com/fr/commentaries/pender-alternative-arbitrage-fund-january-2023/">Fonds alternatif d’abritrage Pender – janvier 2024</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://penderfund.com/fr/commentaries/pender-alternative-arbitrage-fund-january-2023/embed/#?secret=0iMl1H9zBD" width="600" height="338" title="« Pender Alternative Arbitrage Fund – January 2024 » — PenderFund Capital Management" data-secret="0iMl1H9zBD" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://penderfund.com/wp-includes/js/wp-embed.min.js </script>https://penderfund.com/wp-content/uploads/2025/08/PAAF.jpg850400Highlights After a positive end to 2023 which saw several key deals held by the Fund close, January had muted activity due to seasonality. The Fund initiated positions in 15 new merger deals. Six deals held within the Fund closed. There are signs of renewed interest in smaller cap companies. Dear Unitholders, The Pender Alternative […]