Fixed Income Funds

“One of the truly independent voices in the Canadian capital markets.” Geoff Castle is joined by Ben Rabidoux, President of North Cove Advisors. They discuss Ben’s background and his role at North Cove Advisors, how to navigate the Canadian real estate sector as well as the broader Canadian economy.

Discussions with a rising star in Canadian economics. Geoff Castle welcomes Frances Donald, Global Chief Economist at Manulife Investment Management. They discuss Frances’ role and how she got her start in economics, her three-phased approach to navigating the COVID-19 pandemic along with modern monetary theory and the sustainability of credit spreads.

A journey through a distinguished career in Canadian economics. Geoff Castle is joined by former Bank of Canada Governor, David Dodge. They discuss a number of critical economic events that occurred during his seven-year term including 9/11, the commodities boom in the mid 2000s and the early stages of the 2008 financial crisis along with […]

Opportunities and inefficiencies in the Canadian convertibles market. Geoff Castle talks with Morley Conn, Director of Equity Hybrids at Scotiabank Global Banking and Markets. Together they take a deep dive into the convertibles market to uncover the opportunities, inefficiencies and features of convertibles, as well as swapping war stories.

Lessons from the Father of the Altman Z-Score. Geoff Castle interviews Edward Altman, Professor Emeritus of Finance at NYU’s Stern School of Business. They discuss Professor Altman’s background in distressed credit, the Altman Z-Score, Professor Altman’s recent paper which assesses default and bankruptcy rates and conditions before and after COVID.

How high–yield investing has evolved over the last forty years. Geoff Castle catches up with Glenn Reynolds, Chief Global Strategist and Co-Founder of CreditSights. Pender’s fixed income team have worked with the research analysts of CreditSights for a number of years. Geoff and Glenn talk about the early days of high-yield, moving up to the present day and how past events may shape the post-COVID-19 future.  Chart – Key Points in Market History

What makes now a good time? Sarah Wildman sits down with Geoff Castle and Emily Wheeler to discuss the recently launched Pender Bond Universe Fund. They discuss the new Fund, introduce Emily and highlight her experience, and talk about the current credit market and where both managers see opportunities.

How to be a value investor in corporate credit. Sarah Wildman is joined by Geoff Castle and Parul Garg to discuss their thirteen-step decision-making checklist for analysing securities for inclusion in fixed income portfolios.