Highlights Strength in Q2 was partially attributable to a rally in response to the Bank of Canada’s decision to reduce the overnight lending rate. Areas of focus over the quarter were defensive sectors including Utilities and Consumer Staples. The Fund is underweight in non-Investment Grade. After a slow start to the quarter, the Fund posted […]

Highlights Performance drivers included our positions McDermott International Ltd and Hughes Satellite Systems Corp. Detractors included issuers active in producing materials for clean energy industries, including platinum group miner Sibanye Stillwater and rare earths processor MP Materials. We view the sector as a long-term growth industry and continue to build positions here. Portfolio additions included […]

Throughout an intensive 18-week period, Pender hosted a cohort of students in the Junior Achievement British Columbia (JABC) Company Program. With the support of Pender staff, including Founder and Chairman, Kelly Edmison, 14 students created their own company, organized their leadership, designed and developed a product, and determined a marketing strategy to sell it—all with […]

A unique value proposition – what we do and what we don’t do. In this discussion, Parul Garg sheds light on the risk and rewards of investing in stressed and distressed credits in public markets and how the portfolio management team leverages a nimble approach to capitalize on unique opportunities often overlooked by larger funds. […]

PenderFund was honored to sponsor the 18th annual Business Laureates of British Columbia Hall of Fame Gala Dinner and Induction Ceremonies, celebrating the 2024 Laureate Inductees: Anthony von Mandl, K. Barry Marsden, Karen Flavelle and Brian Hill.  The Business Laureates of British Columbia Hall of Fame was established by Junior Achievement of British Columbia (JABC) […]

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 […]