{"id":71828,"date":"2025-12-01T13:37:10","date_gmt":"2025-12-01T21:37:10","guid":{"rendered":"https:\/\/penderfund.com\/?p=71828"},"modified":"2025-12-01T14:50:49","modified_gmt":"2025-12-01T22:50:49","slug":"canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices","status":"publish","type":"post","link":"https:\/\/penderfund.com\/fr\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/","title":{"rendered":"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices"},"content":{"rendered":"

As published in Canadian Family Offices.\u00a0<\/a><\/p>\n

Investing in stressed and distressed companies can offer a chance to reap high returns.<\/p>\n

The idea of investing in distressed credit markets may sound\u00a0daunting<\/a>\u2014it requires expertise in evaluating companies whose balance sheets are at risk. But some funds, such as the\u00a0Pender Credit Opportunities Fund,<\/a>\u00a0see opportunities where others see trouble.<\/p>\n

Pender\u2019s view is that in a global economy where the only certainty seems to be that there is likely to be more uncertainty, it can be worth considering the potential upsides to often-overlooked investment areas like distressed credit.<\/p>\n

\u201cWe invest where others step away \u2013 in companies that face temporary balance sheet stress but have tangible paths to recovery,\u201d says Parul Garg, associate portfolio manager at Pender and a specialist in distressed credit investing. \u201cWe have seen the potential for higher risk-adjusted returns in areas where capital is scarce,\u201d she continued. The focus is on deeply discounted, publicly traded companies that are stressed or distressed.<\/p>\n

\u201cThese companies\u2019 bonds often trade well below par, reflecting market pessimism in their balance sheets,\u201d she says. \u201cYet corporate stress can also be a reset \u2013 businesses have the chance to restructure, recover and generate outsized returns in the process for disciplined, patient investors.\u201d<\/p>\n

Details, details<\/strong><\/h3>\n

The devil is in the details, says Stan Manoukian, founder and chief executive officer of Independent Credit Research, which analyzes these types of investment opportunities. It requires considerable skill and experience to determine what kinds of distressed assets should be considered investment-worthy, he explains.<\/p>\n

\u201cFor example, there is a difference between distressed and stressed opportunities,\u201d he says.<\/p>\n

Generally, a distressed asset is one where there is roughly a 50 per cent chance that the distressed company will wind up in bankruptcy, he says.<\/p>\n

\u201cCompanies that fall below that 50 per cent line are in a position where there is a significant probability that they\u2019ll end up in a bankruptcy court,\u201d he explains.<\/p>\n

\u201cThat\u2019s the enhanced risk that those purchasing distressed credit assets face. The outcome of the debt that the investors have acquired may completely annihilate this debt [leaving nothing for the investors]. On the other hand, it may be equitized,\u201d he says.<\/p>\n

If the debt is equitized, parts of the bankrupt company may be sold off and proceeds distributed to creditors, or the company can be reorganized and get back on its feet, Manoukian adds.<\/p>\n

Stressed companies<\/strong><\/h3>\n

\u201cStressed companies are different. These are companies that are having difficulty managing current debt,\u201d he says. They could be companies in certain sectors that are hard hit by economic conditions such as tariffs, or they could simply be firms that are poorly managed,\u201d he says.<\/p>\n

\u201cIn any case, there\u2019s often a decent chance that a stressed company will overcome its problems and outperform its balance sheet without having to file for bankruptcy,\u201d he says.<\/p>\n

\u201cWe consider stressed companies to be those whose corporate bonds trade at 500 basis points above Treasury rates [the rates that governments pay investors to borrow money through treasury bills or bonds],\u201d Garg says.<\/p>\n

\u201cDistressed companies would be those that trade at over 1,000 basis points above Treasury,\u201d she adds.<\/p>\n

Given the enhanced risk posed by distressed and stressed assets, investors seek returns in the range of 15 per cent, Manoukian adds. \u201cWhen investors are looking for such \u2018spicy\u2019 returns, they don\u2019t just look for companies that are in trouble; they also look for redemption opportunities\u2014the possibility of a turnaround,\u201d Manoukian says.<\/p>\n

And we know that family offices, specifically, are on the hunt for good returns. According to a recent RBC\u00a0survey<\/a>\u00a0conducted from April to August 2025, where they asked family offices to indicate their expectations for full-year investment returns, the average expected return for 2025 is only five percent, with 15 per cent of respondents expecting a negative outcome. Overall, family offices are feeling much less bullish than in 2024 when the average expected return was 11 per cent and almost no one anticipated a negative return, according to the survey.<\/p>\n

Pender Credit Opportunities Fund<\/strong><\/h3>\n

One distinctive feature of the Pender Credit Opportunities Fund is that it invests solely in public companies\u2019 fixed income and not private credit.<\/p>\n

\u201cBy focusing on public fixed income, we have more liquidity than we would have with private credit; we can buy and sell more easily on the open market,\u201d Garg says.<\/p>\n

\u201cPublic fixed income is also more transparent\u2014there\u2019s more information that\u2019s publicly available, so it\u2019s easy to see the company\u2019s financials and relate the fixed income prices to the company\u2019s market value. The assets we invest in are tuned constantly to what\u2019s happening in the market,\u201d she adds.<\/p>\n

Investing in distressed credit through a fund like the Pender Credit Opportunities Fund should be of interest to family offices and high-net-worth investors who have longer time horizons; investments are locked in for two years to recognize that meaningful restructurings and recoveries take time.<\/p>\n

\u201cThe fund offers transparency and tax efficiency. Most of the returns are capital gains rather than income, which eases the tax burden of fixed income investment,\u201d Garg says.<\/p>\n

The Pender Credit Opportunities Fund is nimble and managed by the Pender fixed income team which oversees assets of over $3 billion in a range of credit strategies, with ten years of experience in managing stressed and distressed credit. That scale brings institutional depth, while the fund\u2019s focused size allows it to move quickly in less efficient corners of the market.<\/p>\n

But both Manoukian and Garg agree that distressed credit is an opportunity to be considered by those in a position to do so.<\/p>\n

\u201cDistressed credit has actually boomed over the last 10 years,\u201d and in today\u2019s turbulent, tariff-scarred economy, \u201cthere are lots of troubled companies seeking investment to help them recover and profit,\u201d Manoukian says.<\/p>\n

Often, investors focus on what\u2019s easy to see \u2014 the path straight ahead. The Pender Credit Opportunities Fund, on the other hand, takes a different route. It is designed as a return enhancer, built to uncover opportunities that don\u2019t show up on most people\u2019s radar. These are corners of the credit market that are complex, often misunderstood, and, in many cases, out of reach for most investors. That same complexity is where inefficiencies \u2014 and rewards \u2014 tend to hide.<\/p>\n

In Canada, only a handful of managers venture into this space. Pender has been doing it for over a decade, with a team and infrastructure forged through years of building our flagship credit strategy. The team uses that foundation to uncover value where others can\u2019t \u2014 finding opportunities where most aren\u2019t even looking.<\/p>\n","protected":false},"excerpt":{"rendered":"

As published in Canadian Family Offices.\u00a0 Investing in stressed and distressed companies can offer a chance to reap high returns. The idea of investing in distressed credit markets may sound\u00a0daunting\u2014it requires expertise in evaluating companies whose balance sheets are at risk. But some funds, such as the\u00a0Pender Credit Opportunities Fund,\u00a0see opportunities where others see trouble. […]<\/p>\n","protected":false},"author":12,"featured_media":71831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[106],"tags":[181],"fund-type":[],"class_list":["post-71828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-canadian-family-offices"],"acf":[],"yoast_head":"\nCanadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices - PenderFund Capital Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/penderfund.com\/fr\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices\" \/>\n<meta property=\"og:description\" content=\"As published in Canadian Family Offices.\u00a0 Investing in stressed and distressed companies can offer a chance to reap high returns. The idea of investing in distressed credit markets may sound\u00a0daunting\u2014it requires expertise in evaluating companies whose balance sheets are at risk. But some funds, such as the\u00a0Pender Credit Opportunities Fund,\u00a0see opportunities where others see trouble. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/penderfund.com\/fr\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/\" \/>\n<meta property=\"og:site_name\" content=\"PenderFund Capital Management\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/penderfund\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-01T21:37:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-01T22:50:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabrina Govender\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gabrina Govender\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/\"},\"author\":{\"name\":\"Gabrina Govender\",\"@id\":\"https:\/\/penderfund.com\/#\/schema\/person\/e945f312f21d172ef229236b364b6361\"},\"headline\":\"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices\",\"datePublished\":\"2025-12-01T21:37:10+00:00\",\"dateModified\":\"2025-12-01T22:50:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/\"},\"wordCount\":1107,\"publisher\":{\"@id\":\"https:\/\/penderfund.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg\",\"keywords\":[\"Canadian Family Offices\"],\"articleSection\":[\"Articles\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/\",\"url\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/\",\"name\":\"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices - PenderFund Capital Management\",\"isPartOf\":{\"@id\":\"https:\/\/penderfund.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg\",\"datePublished\":\"2025-12-01T21:37:10+00:00\",\"dateModified\":\"2025-12-01T22:50:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#primaryimage\",\"url\":\"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg\",\"contentUrl\":\"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg\",\"width\":2560,\"height\":1707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/penderfund.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/penderfund.com\/#website\",\"url\":\"https:\/\/penderfund.com\/\",\"name\":\"PenderFund Capital Management\",\"description\":\"Forward thinking. Finding value.\",\"publisher\":{\"@id\":\"https:\/\/penderfund.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/penderfund.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/penderfund.com\/#organization\",\"name\":\"PenderFund Capital Management\",\"url\":\"https:\/\/penderfund.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\/\/penderfund.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/06\/PenderFund-Cap-Man-Logo_English.png\",\"contentUrl\":\"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/06\/PenderFund-Cap-Man-Logo_English.png\",\"width\":850,\"height\":250,\"caption\":\"PenderFund Capital Management\"},\"image\":{\"@id\":\"https:\/\/penderfund.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/penderfund\/\",\"https:\/\/www.instagram.com\/penderfund\/\",\"https:\/\/www.linkedin.com\/company\/penderfund-capital-management\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/penderfund.com\/#\/schema\/person\/e945f312f21d172ef229236b364b6361\",\"name\":\"Gabrina Govender\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/950de25533c24f7ba8f1406bd65a2d7e09f80033e8d76341819c09aef36da485?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/950de25533c24f7ba8f1406bd65a2d7e09f80033e8d76341819c09aef36da485?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/950de25533c24f7ba8f1406bd65a2d7e09f80033e8d76341819c09aef36da485?s=96&d=mm&r=g\",\"caption\":\"Gabrina Govender\"},\"url\":\"https:\/\/penderfund.com\/fr\/author\/gabrinag\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices - PenderFund Capital Management","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/penderfund.com\/fr\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/","og_locale":"fr_CA","og_type":"article","og_title":"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices","og_description":"As published in Canadian Family Offices.\u00a0 Investing in stressed and distressed companies can offer a chance to reap high returns. The idea of investing in distressed credit markets may sound\u00a0daunting\u2014it requires expertise in evaluating companies whose balance sheets are at risk. But some funds, such as the\u00a0Pender Credit Opportunities Fund,\u00a0see opportunities where others see trouble. […]","og_url":"https:\/\/penderfund.com\/fr\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/","og_site_name":"PenderFund Capital Management","article_publisher":"https:\/\/www.facebook.com\/penderfund\/","article_published_time":"2025-12-01T21:37:10+00:00","article_modified_time":"2025-12-01T22:50:49+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg","type":"image\/jpeg"}],"author":"Gabrina Govender","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Gabrina Govender","Estimation du temps de lecture":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#article","isPartOf":{"@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/"},"author":{"name":"Gabrina Govender","@id":"https:\/\/penderfund.com\/#\/schema\/person\/e945f312f21d172ef229236b364b6361"},"headline":"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices","datePublished":"2025-12-01T21:37:10+00:00","dateModified":"2025-12-01T22:50:49+00:00","mainEntityOfPage":{"@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/"},"wordCount":1107,"publisher":{"@id":"https:\/\/penderfund.com\/#organization"},"image":{"@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#primaryimage"},"thumbnailUrl":"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg","keywords":["Canadian Family Offices"],"articleSection":["Articles"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/","url":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/","name":"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices - PenderFund Capital Management","isPartOf":{"@id":"https:\/\/penderfund.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#primaryimage"},"image":{"@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#primaryimage"},"thumbnailUrl":"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg","datePublished":"2025-12-01T21:37:10+00:00","dateModified":"2025-12-01T22:50:49+00:00","breadcrumb":{"@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/"]}]},{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#primaryimage","url":"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg","contentUrl":"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/12\/pexels-arturoaez225-30268013-scaled.jpg","width":2560,"height":1707},{"@type":"BreadcrumbList","@id":"https:\/\/penderfund.com\/articles\/canadian-family-offices-patience-and-a-disciplined-process-mean-an-investment-opportunity-for-family-offices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/penderfund.com\/"},{"@type":"ListItem","position":2,"name":"Canadian Family Offices: Patience and a disciplined process mean an investment opportunity for family offices"}]},{"@type":"WebSite","@id":"https:\/\/penderfund.com\/#website","url":"https:\/\/penderfund.com\/","name":"Gestion de capital PenderFund lt\u00e9e","description":"Forward thinking. Finding value.","publisher":{"@id":"https:\/\/penderfund.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/penderfund.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Organization","@id":"https:\/\/penderfund.com\/#organization","name":"Gestion de capital PenderFund lt\u00e9e","url":"https:\/\/penderfund.com\/","logo":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/penderfund.com\/#\/schema\/logo\/image\/","url":"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/06\/PenderFund-Cap-Man-Logo_English.png","contentUrl":"https:\/\/penderfund.com\/wp-content\/uploads\/2025\/06\/PenderFund-Cap-Man-Logo_English.png","width":850,"height":250,"caption":"PenderFund Capital Management"},"image":{"@id":"https:\/\/penderfund.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/penderfund\/","https:\/\/www.instagram.com\/penderfund\/","https:\/\/www.linkedin.com\/company\/penderfund-capital-management\/"]},{"@type":"Person","@id":"https:\/\/penderfund.com\/#\/schema\/person\/e945f312f21d172ef229236b364b6361","name":"Gabrina Govender","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/950de25533c24f7ba8f1406bd65a2d7e09f80033e8d76341819c09aef36da485?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/950de25533c24f7ba8f1406bd65a2d7e09f80033e8d76341819c09aef36da485?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/950de25533c24f7ba8f1406bd65a2d7e09f80033e8d76341819c09aef36da485?s=96&d=mm&r=g","caption":"Gabrina Govender"},"url":"https:\/\/penderfund.com\/fr\/author\/gabrinag\/"}]}},"_links":{"self":[{"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/posts\/71828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/comments?post=71828"}],"version-history":[{"count":5,"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/posts\/71828\/revisions"}],"predecessor-version":[{"id":71833,"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/posts\/71828\/revisions\/71833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/media\/71831"}],"wp:attachment":[{"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/media?parent=71828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/categories?post=71828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/tags?post=71828"},{"taxonomy":"fund-type","embeddable":true,"href":"https:\/\/penderfund.com\/fr\/wp-json\/wp\/v2\/fund-type?post=71828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}