Special Meeting for certain mutual fund unitholders to be held on November 21, 2025 - Click here to learn more
So Now What? Markets continued their surge off the April lows with one of the highest monthly returns in years, and the strongest May this century. The panic that hit investors a few weeks ago around tariffs and trade wars seems a long time ago and has been replaced with a mini FOMO market, as […]
The Pender Corporate Bond Fund returned -0.4%[1] in May. This performance was the result of a few significantly lower marks in distressed credits, offsetting a broadly positive movement across most of the Fund’s holdings. Performance Discussion The Fund’s loss in the period resulted from significant movements in holdings of Wolfspeed, Inc., New Fortress Energy Inc. […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were up 1.0% and 1.5%[1] respectively in April 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.22%[2]. Portfolio Update In what was one of the most volatile months in markets since the inception of the Fund, the strategy performed […]
Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months ended March 31, 2025. Financial Highlights Net loss was $6,787,305 for the three months ended March 31, 2025 (March 31, 2024 – net income $12,262,927) due to negative investment performance during the year. Net loss per Class C […]
PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that Greg Taylor, CFA, has joined Pender as our Chief Investment Officer effective today. Greg brings over two decades of investment experience to Pender. Since 2017, he has served as CIO and Portfolio Manager at a Toronto-based asset management firm. Prior to that Greg was a […]
Dear Unitholders, The Pender Alternative Absolute Return Fund returned -0.6% in April, bringing year to date returns to 1.4%[1]. Wild swings in risk assets and market tone induced by US President Trump’s “Liberation Day” announcement created opportunities for the Fund to both add on weakness and sell into strength. The ICE BofA US High Yield […]
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