What if the market's biggest opportunity is hiding behind an outdated story? In a new in The Globe and Mail article, Pender Equity's Laura Baker argues that investors often anchor to familiar narratives long after the facts have changed leading to investing missteps. Current case in point, while mega-cap technology companies continue to dominate headlines, […]

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were -0.1% and -1.1%1 respectively in June 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.7%2. M&A Market Update Global M&A activity accelerated through June, capping a record first half of 2026. $2.83 trillion of transactions were announced during […]

A small rule change is giving retail investors outsized influence over market volatility. Working through market commentaries recently, the same word kept coming up: volatility. Generally speaking, that's usually in reference to oil, inflation, rates... the standard. But I came across an article in Barron's that introduced a new name to the list of volatility […]

Dear Co-investors, Thank you for your continued partnership in the Pender Credit Opportunities Fund. In the second quarter of 2026, the Fund appreciated 11.6% net of fees, aided by impactful contributions from Wolfspeed, Inc., Evolent Health, Inc., and Fluence Energy, Inc. We are also approaching an exciting milestone: our three-year track record of managing Funds […]

Several members of the Pender team had the opportunity to participate in the 6th Annual Greater Vancouver Food Bank Charity Golf Tournament in Coquitlam, joining community partners and supporters to raise funds for an organization that plays such an important role across the Lower Mainland. The event raised an impressive $46,000 in support of the […]

The Pender Alternative Special Situations Fund returned -3.4%1 in June, compared to the S&P/TSX Composite, which rose 0.5% during the month. In what seems to be the theme of the year, volatility continued to impact equity markets. Artificial intelligence (AI) stocks saw continued periods of volatility over the month, as large capex numbers keep raising […]