Fixed Income Funds

The Pender Corporate Bond Fund delivered a result of -0.5%[1] in February, a period of relatively strong performance in a market beset by numerous headwinds, one of which was a spread-widening in credit. Download PDF Bright spots for the Fund included some positions in the precious metals sector, as both SSR Mining Inc. and First […]

The return of the class F units of the Pender Bond Universe Fund for the three-month period ended January 31, 2022 was -0.5%[1]. For the full calendar year of 2021, the class F units were up 2.0%1 with average quarter-end duration of 4.6 years, decreasing somewhat into year-end to 4.03 years at December 31. When […]

In the tumultuous opening month of 2022, the Pender Corporate Bond Fund declined -0.9%[1]. A result not in the direction we would have hoped but, still, relatively solid given the market context. January saw fairly steep declines in both high-yield and investment-grade credit as investors came to terms with a new Fed tightening cycle. Download […]

Insights from the world’s southern-most investment research firm. Geoff Castle picks up his conversation with Callum Thomas, founder and head of research of Topdown Charts. They revisit Callum’s predictions from March 2021 to see what went right and what came out as a surprise. They also talk in depth about inflation, the impact of COVID […]

“In Pursuit of the Perfect Portfolio.” Geoff Castle chats with Stephen Foerster, Professor of Finance at Western University’s Ivey School of Business. They discuss Stephen’s thoughts on a variety of topics as laid out in latest book, In Pursuit of the Perfect Portfolio. The book features contributions from a star-studded cast of luminaries who have […]

Three big anniversaries and days of high drama.  Geoff Castle chats with James Grant, editor of the iconic Wall Street newsletter, Grants Interest Rate Observer. They discuss James’ early years in Long Island, his start in journalism at the Baltimore Sun, his tenure at Barron’s, where he first gained national recognition and how his interest […]

Inflation, recession, monetary policy and spaghetti sauce. Geoff Castle chats with Stephen Poloz, former Governor of the Bank of Canada. They discuss Stephen’s formative years, his interest in economics, his tenure as governor and the challenging events he led the Canadian economy through. They also discuss Stephen’s thought process, his views on emerging trends and […]

Don’t love your ideas, question everything. Geoff Castle chats with Dylan Grice, Co-founder of Calderwood Capital. They discuss Dylan’s background in finance, his transition from sell side to buy side and his approach to investing, Dylan’s new company Calderwood Capital and his views on a number of areas of credit markets. Additional Resources – Popular […]

Credit insights from the world’s southern-most investment research firm. Geoff Castle and Callum Thomas, founder and head of research of Topdown Charts, discuss Callum’s background and early career, the path to launching Topdown Charts and what it offers, Callum’s approach to credit cycles and their perspective on potential interest rates over the next few years […]