Pender Alternative Arbitrage Fund
The Pender Alternative Arbitrage Fund aims to produce consistent and low volatility absolute returns by investing primarily in merger arbitrage opportunities. This low-risk strategy can be used to provide diversification benefits to clients with low correlation to traditional equity and fixed income investments.
Visit the Pender Arbitrage Hub for all of our latest news, information and articles.
| Performance (%) - 2024-06-28 | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 2 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | YTD | Since Inception | Inception Date | A | 0.8 | 0.6 | 1.5 | 2.3 | 2.0 | 1.5 | 2.4 | 2021-09-08 | F | 0.9 | 0.8 | 1.9 | 3.0 | 2.8 | 1.9 | 3.0 | 2021-09-08 |
|---|
| Annual Performance (%) | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | YTD | A | 2.8 | 0.5 | 1.5 | F | 3.1 | 1.3 | 1.9 |
|---|
Standard Performance Data is subject to important disclosures set out in our Disclaimer.
Class Fund Codes Description MER* before performance fee MER* Minimum Investment: Initial/[Subsequent] A PGF 2100 Front End 2.46% 2.55% $5,000 / [$100] F PGF 2110 Fee Based 1.41% 1.64% $5,000 / [$100] H PGF 2140 Front End – HNW 2.10% 2.23% $100,000 / [$100] I PGF 2150 Fee Based – HNW 1.24% 1.63% $100,000 / [$100] F (US$) PGF 2111 Fee Based 1.41% 1.76% $5,000 / [$100] I (US$) PGF 2151 Fee Based – HNW 1.21% 1.68% $100,000 / [$100] *As at 2023-12-31. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.
Asset Class: Alternative Merger Arbitrage Inception Date: September 8, 2021 Risk Rating: Low Valuation Frequency: Daily Distributions: Annually in December Performance Fee: 15% of the amount by which the total return of the class of units exceeds its high-water mark Portfolio Manager: Amar Pandya, CFA Know Your Product
Pender Alternative Arbitrage Fund – March 31, 2024
Resources
Monthly
Pender Alternative Arbitrage Fund – Profile Sheet – CAD – Class A
Pender Alternative Arbitrage Fund – Profile Sheet – CAD – Class F
Annual (POS)
Pender Alternative Arbitrage Fund – Fund Facts – CAD – Class A
Pender Alternative Arbitrage Fund – Fund Facts – CAD – Class F
Pender Alternative Arbitrage Fund – Fund Facts – USD – Class F
Pender Alternative Arbitrage Fund – Fund Facts – CAD – Class H
Pender Alternative Arbitrage Fund – Fund Facts – CAD – Class I
Pender Alternative Arbitrage Fund – Fund Facts – USD – Class I
For More Visit: Legal & Financial
The Latest
Alternative Arbitrage Fund – May 2024
Highlights The Fund initiated positions in 17 new merger deals. Several key deals closed after achieving their final approvals. These included: Tricon Residential Inc, Carrols Restaurant Group, TrueContext Corp and MDF Commerce Inc. Our SPAC exposure will see a pickup during the summer due to SPAC expirations which should drive an increase in redemptions and liquidations and a temporary higher weighting of SPACs. Dear Unitholders, The Pender Alternative Arbitrage Fund was up 0.4%[1] in May 2024. The Fund’s benchmark, the HFRI ED: Merger Arbitrage Index (USD) returned 1.6% during the same period. Download the PDF. M&A Market Update Global M&A…
Amar Pandya
Portfolio Manager
Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.
Sign Up To Our Newsletter
Stay Connected
Join our online community and receive a monthly round up of new blog posts, commentaries, podcasts, media coverage and more.
