VANCOUVER, B.C., November 12, 2024 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that Dion Steyn has joined Pender as our Vice President of National Retail Sales. Dion is well known and highly respected within the industry and brings over 35 years of sales and leadership experience to Pender. Most recently, Dion led […]
Highlights Key positive contributors included the secured bonds of Spirit Airlines Inc., Lucid Group Inc., and the preferreds of Fannie Mae and Freddie Mac. Detractors included American Tire Distributors Inc., a small portfolio weight, which filed a surprise Chapter 11. New positions included: Fair Isaac Corp., which provides credit analytics and related software services, and […]
VANCOUVER, B.C., November 7, 2024 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that the Pender Corporate Bond Fund (the “Fund”) has received an LSEG Lipper Fund Award. The Pender Corporate Bond Fund has been recognized at the Lipper Fund Awards Ceremony held in Toronto on November 6, 2024. The Fund swept the […]
VANCOUVER, B.C. – PenderFund Capital Management Ltd., as manager of the Pender Small Cap Opportunities Fund (together, “Pender” or “we”), directly or indirectly controls approximately 1,209,184 common shares of Altius Renewable Royalties Corp. (TSX:ARR) (OTCQX:ATRWF) (“ARR” or the “Company”) as of the October 7 record date and today announced that it intends to vote “AGAINST” […]
From the wild west of user generated content to a global entertainment company. “I would absolutely attribute some of our successes to like building this company in Canada and not anywhere else.” On this episode in the Pender Ventures series on great Canadian technology companies, Maria Pacella, Managing Partner, hosts Co-Founder and Operating Partner of Two Small Fish Ventures, Allen Lau. In 2006, Allen co-founded Wattpad, a technology […]
"Luck is random, but the ability to capitalize on luck isn't necessarily random.” - Mari Kuraishi Highlights Fund returned 7.8%, with notable contributions from small cap equity and real-estate holdings First Fed reduction in borrowing costs since March 2020, increasing appetite for risk assets Added two new equities: Services provider Calian Group Ltd. and real […]
Highlights The Fund has gained 38.4% year-to-date. Top contributor this quarter was Kraken Robotics Inc., (TSXV: PNG), a marine technology company. Thinkific Labs Inc. (TSX:THNC) was a detractor this quarter subsequent to their SIB as the market waits for business fundamentals to improve. Fund Performance The Pender Value Fund continued to perform well in the […]
Dear Investor, Since its inception, the Pender Credit Opportunities Fund (PCOF) has delivered a return of 26.7%, net of all fees and expenses, with a Net IRR of 22.2%. The investment period concluded in July 2024, and on October 1 we distributed 26% of committed capital back to investors, derived from realized investments. Although we […]
Highlights With the global rate cut cycle now well underway we have been actively reducing our exposure to broadly syndicated loans. The Fund closed out a small, long position bond issued by a stressed US office REIT. It now has two positions in securities issued by office REITs, both of which are modest short positions. […]
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