All Insights

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 […]

Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of January 2022 with a NAV of $10.15 per unit[1]. Download PDF M&A activity is off to the races, with momentum from the record levels of global M&A activity last year continuing into 2022. Deal activity in January was the third highest on record, […]

Diversity as a vector of growth. Kenndal McArdle chats with Wils Theagene, Senior Director Private Equity CDPQ – Equity 25^3 Fund. Kenndal and Wils talk about diversity within venture capital and the private asset class, discuss how EQ25^3 is leveraging diversity as a vector of development and expansion, the social issues surrounding diversity and the […]

Pender Growth Fund Inc. (the “Company” or “PTF”) is pleased to report that long time holding D-Wave Systems Inc. (“D-Wave”) has announced that it has entered into a definitive transaction agreement with DPCM Capital, Inc. (“DPCM Capital”) (NYSE: XPOA), a publicly traded special purpose acquisition company. This is exciting news for D-Wave, the leader in […]

Dear Unitholders, The Pender Alternative Absolute Return Fund finished January with a unit price of $10.02 and distributions of $0.06 per unit[1]. Download PDF January 2022 was the worst month for the high-yield market since March 2020 and the worst January total return ever. The ICE BofA High Yield Index returned -2.75%. The negative total […]

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 […]

Pender Growth Fund Inc. (the “Company”) announces that it has provided the TSX Venture Exchange (the "TSXV") with its Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") through the facilities of the TSXV, subject to TSXV acceptance. The Company is proposing to put a new NCIB in place upon the expiry […]

PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that it has been recognized for consistent, risk-adjusted fund outperformance during 2021. The Pender Corporate Bond Fund, managed by Geoff Castle and Associate Portfolio Manager Parul Garg, has received a FundGrade A+ award. This is the third time the fund has won a FundGrade A+ award. […]

Always be due diligence ready. Maria Pacella is joined by Mark Longo, founder and Managing Partner of Osler’s Vancouver office. They look back at 2021 and discuss a variety of topics from the M&A momentum, record IPO numbers, valuations, secondaries, and the factors responsible for record setting deals to some detailed insights into founders turning […]