Protecting capital and growing wealth can benefit from long-term thinking The concept of market timing—the idea that successful investing decisions can be based on predicting future market movements—is as seductive as the Sirens of Greek mythology who ensnared sailors with the sweetness of their songs. Students of Greek mythology will recall the sailors did not […]
Alternative asset strategies are gaining popularity among investors. Here are some reasons why they could be included in a diversified portfolio. Download the PDF What are alternative assets? The terms “alternative assets” or “alternative investment strategies” are having a moment in the financial media with many articles referring to them. But what exactly are they […]
CIO and Portfolio Manager, Felix Narhi penned an article on what makes a contrarian investor a contrarian investor for Benefits and Pensions Monitor. Felix shared his thoughts on the attributes and thought processes that are considered contrarian and what are the common pitfalls to avoid. Article can be accessed on page 30 of the magazine. […]
Actionable insights from a sea of economic and market data. Geoff Castle catches up with Callum Thomas, founder and head of research of Topdown Charts for their annual podcast. Geoff and Callum reflect on 2022 and look ahead to 2023. Geoff and Callum revisit their prior conversation and discuss how their understanding of the market has evolved over the year […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) was up 0.3% in November, bringing year-to-date performance to 2.8% and one-year performance of 3.1%[1]. M&A Market Update Global M&A activity totalled $3.3 trillion through the first 11 months of 2022. This was the second highest deal total on record despite being down 36% from last year’s […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished November with a return of 0.3%[1], bringing year-to-date performance to 5.1%. November was one of the more difficult market environments for the Fund to navigate, as a market that is historically not cheap experienced sharp rallies. The high yield market was up for a second consecutive […]
HIGHLIGHTS We expect a further easing of inflation pressures as consumers and companies digest the impact of significantly higher rates. We find the prices of relatively strong corporate credits in the three to seven-year tenors to be very attractive. There are plenty of excellent issuers with credit yields of more than 6%. What could happen […]
VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months and nine months ended September 30, 2022. Financial Highlights (Unaudited) Net loss was $8,520,121 for the three months ended September 30, 2022 (September 30, 2021 – Net income $75,339,050) primarily the result of negative […]
Highlights The Fund initiated a position in the Twitter acquisition by Elon Musk. While this deal was a relatively bumpy ride, it’s also a great example of the contractual and legal strength of a definitive merger agreement. We believe we are now at the peak of the SPAC maturity cliff. Hundreds of SPACs, which were […]
"*" indicates required fields
