The month of May felt an awful lot like April, and it’s not just the weather. April was a positive month that saw equity markets recover most, if not all, of the March losses stemming from the US-Iran war concerns. Turning the calendar over to May, many market observers were calling for more of a pause. The conditions that […]
Rethinking Diversification in a Correlated World Pender's CIO and Portfolio Manager, Greg Taylor spoke with Associate Client Portfolio Manager, Laura Baker to discuss how the Pender Alternative Multi-Strategy Income Fund and the newly launched Pender Alternative Multi-Strategy Growth Fund are built to diversify return drivers, not just holdings, in a market where equities and bonds […]
Market Update The equity market rally that closed out the month of March continued through April. This rally has baffled many and is becoming a notable example of what is referred to as the ‘pain trade’. Given recent headlines, many investors had gone defensive. Yet, against all odds, markets finished the month near all-time highs. […]
VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months ended March 31, 2026. Financial Highlights Net loss was $528,121 for the three months ended March 31, 2026 (March 31, 2025 – net loss of $6,787,305). Net loss per Class C common share (“Share”) […]
The Pender Alternative Special Situations Fund returned 9.2%1 in April, compared to the S&P/TSX Composite, which returned 3.8% during the month. Markets remained highly volatile in April as investors continued to navigate the aftereffects of the sharp geopolitical and macroeconomic repricing that defined the first quarter. While energy markets partially stabilized following the fragile ceasefire […]
Dear Unitholders, The Pender Alternative Absolute Return Fund returned -2.0%1 in April, bringing year to date return to 1.1%. The exceptionally strong bid for risk despite the ongoing and worsening disruption to global energy markets was a difficult set up for the Fund. Credit markets tapped out early in April even as equities continued to […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were -0.1% and 0.0%1 respectively in April 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 2.3%2. M&A Market Update Global M&A activity continued at its near historic record pace with over $1.8 trillion of global deal activity through the […]
The Pender Global Small/Mid Cap Equity Fund returned 6.3%1 in April. Following a pullback of 9.10% from its January high through late March, the S&P 500 rebounded to post a gain of 7.9% for the month and briefly touched new all-time highs. The recovery was driven by three converging events: a partial de-escalation of geopolitical […]
Market Environment – Navigating a Volatile April April 2026 has been a pivotal month as the US stock market continued to experience heightened volatility driven by a combination of geopolitical risks and shifting expectations for Federal Reserve policy. The ongoing conflict in the Middle East continued to impact oil markets, resulting in volatile price spikes, […]
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