Vancouver, British Columbia – October 1, 2025 – PenderFund Capital Management Ltd. (“Pender”) announced today that the ongoing Canada Post labour disruption will impact Pender’s delivery of meeting materials to its unitholders in respect of the special meetings of certain classes of its mutual funds (“Funds”), scheduled to be held in a virtual only meeting […]
August was a very active month for the Fund, marked by a burst of new deal activity as well as increased attractiveness in several existing deals that progressed into the final stages of closing. During the month, the Fund initiated positions in 30 new or existing deals while nine deals held within the Fund closed. At the end of August 2025, the Fund held 49 active investments in small cap deals under $2 billion, 36 of
Recap of August Global equities delivered robust results in the month despite the ongoing macroeconomic uncertainty. Small- and mid-cap stocks performed well, with the Russell 2000 gaining over 7% and value indices broadly outperforming large-cap growth. Outside North America, developed international equities, as measured by the FTSE Developed ex-US Index, rose 3.3%, supported by strength […]
Pender was delighted to have supported Social Venture Partners Vancouver at the Impact Open, its Annual Pickleball Invitational, which happened on September 24, 2025 in Burnaby, BC. Pender not only sponsored the event but also entered several teams into the competition, with one team making it to the quarter-finals, all in support of a fantastic […]
Dave Barr joined Merella Fernandez on BNN Bloomberg's The Close today to talk about the Canadian small cap universe. Dave touched on how Canadian small caps compare to US small caps at the moment and whether small caps would benefit from rate cuts. When asked about key themes for Pender in the small cap space, […]
Dear Unitholders, The Pender Alternative Absolute Return Fund returned 0.0%1 in August, bringing year to date returns to 1.0%. August was an encouraging month for risk assets, the catalyst being Jerome Powell’s speech at Jackson Hole with more than half of the 7% monthly return of the Russell 2000 Index coming on August 22, the […]
Vancouver, September 15, 2025 – PenderFund Capital Management Ltd (“Pender”) is announcing a proposal to simplify its mutual fund classes, offering all investors the lowest cost purchase option available within each fund. As part of this initiative, the firm has reviewed its fee structure and aims to better align with industry standards. If implemented, the process […]
Highlights The US consumer is increasingly under pressure from a combination of higher inflation and lower job opportunities. While the market is fixated on a potential Fed rate cut, we have positioned the portfolio to benefit from opportunities over the medium to long term. The S&P MidCap 400 Index posted total returns of 3.6% for […]
Market Insights August lived up to its reputation for volatility, however this year the move was to the upside. There has been much for investors to be concerned with this year and that has kept many on the sidelines. That may still prove to be the correct positioning, but the ‘pain trade’ remains higher and […]
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