Vancouver, BC, October 19, 2023 – Pender Ventures is pleased to announce their plans to host the first annual edition of HealthTech Ignite, a groundbreaking one-day conference set to take place on November 14, 2023, in the vibrant city of Montréal, Quebec. The conference aims to bring together healthcare innovators and investors with providers, payers, […]

Highlights We continue to focus on the fundamentals, rotating into high quality businesses. We initiated new positions in two companies during the quarter that we have been following for a long time but have finally hit our buy zone. Small caps are trading near trough valuations. The re-rating in multiples, we believe, is a tailwind […]

Highlights The primary driver of returns in September were higher interest rates, as 2024 rate cuts are being priced out in favour of a “higher for longer” for reality. The Fund continued to sell into market strength early in September before increasing exposure as markets sold off towards the end of the month. The Fund […]

Highlights The Fund had several pockets of strength in September, including energy-related securities, a pharma company, and U.S.-based marijuana companies. Higher risk-free rates caused most bonds within the Fund to fall in price. We have become more constructive on longer duration issues due to a vastly improved risk/reward equation. The Pender Corporate Bond Fund returned […]

Highlights We reduced the Fund’s weight in several, shorter-dated, high-quality corporate issuers and government bonds and re-allocated proceeds to longer-dated holdings, including Warner Brothers Discover 5.391% ’62. The Fund’s position in Inflation-Linked Bonds was slightly higher at quarter end. Exposure to credit via Corporate Bond Fund holdings remains lower relative to historic weightings. Over the […]

VANCOUVER, B.C., September 21, 2023 - Pender Ventures is pleased to announce that Co-operators, a leading Canadian financial services co-operative, has made a strategic investment in Pender Ventures’ second fund, the Pender Technology Inflection Fund II (“PTIF II” or the “Fund”). Co-operators’ investment advances PTIF II closer to its target size of $100 million and […]