All Insights

Market Environment October was a notable month for US markets. The period began with a government shutdown that surpassed the 35-day record set in 2019. While the shutdown has both direct and indirect implications for the broader US economy, the equity market reaction has been limited, with investors remaining focused on corporate earnings and monetary […]

Dear Unitholders, The Pender Alternative Absolute Return Fund returned -0.3%1 in October, bringing year-to-date returns to 0.7%. October was a choppier month for markets, with weakness early in the month, a bounce in the middle and a weaker tone late in the month following a hawkish turn from the Fed.  The high yield market had […]

The Pender Corporate Bond Fund posted a solid October, returning 2.2%1 within the context of a positive movement for high grade bonds and a neutral market for credit risk assets. The top Fund contributor in October was the successful workout of our position in Beyond Meat Inc., which is discussed in greater detail below. Other […]

VANCOUVER, B.C., November 6, 2025 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that the Pender Corporate Bond Fund and the Pender Bond Universe Fund each received LSEG Lipper Fund Awards at the Lipper Fund Awards Ceremony held in Toronto on November 5, 2025. The Pender Bond Universe Fund was recognized for its […]

A Market Isn’t Always Just One Thing Forever In this episode, Laura Baker, Associate Portfolio Manager at Pender, sits down with Lead Portfolio Manager, Fixed Income Geoff Castle, Portfolio Manager Emily Wheeler and Associate Portfolio Manager Parul Garg to discuss the recent recognition of two of Pender’s fixed income funds with 2025 LSEG Lipper Fund […]

Another month is in the books along with another move to all-time highs for many equity indices. The strength of this bull market really has been impressive, and the fact no one was calling for it makes it even more enjoyable. Like the Blue Jays, the year began with very low expectations, but all of […]

Amar Pandya spoke with Wealth Professional on M&A activity increasing and signaling renewed optimism in private equity markets, following the US regulatory changes under President Trump. He explains that, "The onerous nature of deals under the past administration resulted in an overall downturn in M&A activity. Now, however, the Trump administration and FTC Chair Andrew […]

  VANCOUVER, B.C., October 31, 2025 - PenderFund Capital Management Ltd. (“Pender”) is delighted to announce that it has been named on the 2025 Best Workplaces in BC list. This honour was bestowed on Pender after thorough, independent analysis undertaken by Great Place to Work®. The list is compiled from direct feedback gathered from employees […]

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were -0.3% and -0.5% respectively1 in September 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.8%2. Portfolio Update September was another active month for the Fund, characterized by steady deal flow and favourable conditions across both merger and SPAC […]