The Pender Alternative Special Situations Fund returned 1.1%1 in May, compared to the S&P/TSX Composite, which rose 2.5% during the month. Like most months this year, May brought heightened volatility driven by inflation concerns and geopolitical uncertainty. Heading into the month, there were concerns that equity markets were due for a pause. However, once again […]

As we move into June, the macro backdrop remains dynamic. Inflation stays front and center, shaped by several converging forces: ongoing conflict in the Middle East and supply disruptions tied to the Strait of Hormuz, the lingering effects of tariffs, AI-driven demand, and a broadening global growth recovery. Despite these factors, markets have continued to […]

As we find ourselves in the summer months, markets have not obliged the well-respected summer slowdown, instead greeting us with wave upon wave of volatility. Today's environment is characterized by a significant and widening bifurcation, driven by an unprecedented surge in demand for AI infrastructure and a similar acceleration in national security spending internationally. Nothing […]

At Pender, we recognize the importance of creating opportunities for women to grow, lead and thrive in their careers. As part of our commitment to professional development, members of our team recently attended The Art of Leadership Women conference in Vancouver, one of Canada's premier events dedicated to advancing and empowering women in the workplace. […]

What soccer can teach us about investing. In the first episode of Pender's World Cup Series, Senior Equity Analyst, Felix Narhi joins host Associate Client Portfolio Manager, Laura Baker to explore what soccer's penalty kick paradox can teach investors about the bias for action and why, in markets and on the field, the hardest decision […]

After returning from Space Canada’s Horizons 2026 conference held at the Canadian Space Agency headquarters, we sat down with Amar Pandya, Equity Portfolio Manager, to discuss the key themes that emerged and how they translate into potential investable opportunities.   With the space sector gaining renewed attention, particularly ahead of the anticipated SpaceX IPO, the conversation focused on how structural shifts in government spending, procurement urgency and geopolitical […]