{"id":70126,"date":"2025-08-29T11:45:38","date_gmt":"2025-08-29T18:45:38","guid":{"rendered":"https:\/\/staging.penderfund.com\/?post_type=news&#038;p=70126"},"modified":"2025-09-22T10:08:33","modified_gmt":"2025-09-22T17:08:33","slug":"penderfund-capital-management-completes-transition-and-takes-over-management-of-the-pender-alternative-select-equity-fund","status":"publish","type":"news","link":"https:\/\/staging.penderfund.com\/fr\/news\/penderfund-capital-management-completes-transition-and-takes-over-management-of-the-pender-alternative-select-equity-fund\/","title":{"rendered":"PenderFund Capital Management Completes Transition and Takes Over Management of the Pender Alternative Select Equity Fund"},"content":{"rendered":"<p><strong>VANCOUVER, B.C., August 29, 2025 \u2013\u00a0<\/strong>PenderFund Capital Management Ltd. (\u201cPender\u201d) is pleased to announce that as of August 28, 2025 Purpose Investments Inc. (\u201cPurpose\u201d) has assigned the management and trusteeship of Purpose Select Equity Fund to Pender, whereupon it has been renamed Pender Alternative Select Equity Fund (the \u201cFund\u201d).<\/p>\n<p>This transition was approved by unitholders on August 13, 2025. The Fund\u2019s portfolio manager, Greg Taylor, joined Pender as Chief Investment Officer in May 2025 which precipitated the change.<\/p>\n<p>Greg commented, \u201cI have been managing this fund since inception. Having adapted to all market conditions over that period with a goal of achieving excess returns with lower volatility, the fund is a natural candidate for a liquid alternative structure. I am looking forward to continuing to manage the fund for our existing long-term investors, and to introducing it to new investors.\u201d<\/p>\n<p>Geoff Scott, Executive Vice President of Sales &amp; Marketing said, \u201cThe inclusion of the Pender Alternative Select Equity Fund in Pender\u2019s platform marks an exciting step in expanding our investment capabilities in alternative equities and enhancing the equity portion of our liquid alternative offerings. This development complements the success of our existing liquid alternative fund lineup, which features strategies designed to complement traditional asset classes for our clients.\u201d<\/p>\n<p>The following material changes were approved, as more particularly described in the Fund\u2019s simplified prospectus, which may be found here: https:\/\/www.penderfund.com\/legal-and-financial\/<\/p>\n<ul>\n<li>Change of trustee and manager to Pender<\/li>\n<li>Change of the Fund\u2019s investment objectives<\/li>\n<li>Change of the calculation of the performance and administration fees<\/li>\n<li>Change of the Fund\u2019s auditor from Ernst &amp; Young LLP to KPMG LLP<\/li>\n<\/ul>\n<p>Purpose assigned the Declaration of Trust dated August 15, 2025, which governed the Fund to Pender on August 28, 2025. The Fund was then transferred to Pender\u2019s Trust Agreement dated August 28, 2025.<\/p>\n<p><strong>Au sujet de Gestion de capital PenderFund lt\u00e9e<\/strong><\/p>\n<p>Pender, soci\u00e9t\u00e9 ind\u00e9pendante appartenant \u00e0 ses employ\u00e9s, a \u00e9t\u00e9 \u00e9tablie en 2003 \u00e0 Vancouver, en Colombie-Britannique. Son objectif consiste \u00e0 prot\u00e9ger et \u00e0 faire fructifier le patrimoine de ses investisseurs au fil du temps. Forte de son \u00e9quipe talentueuse compos\u00e9e d\u2019experts dans l\u2019analyse, la s\u00e9lection des titres et la recherche ind\u00e9pendante, Pender g\u00e8re activement sa gamme de fonds de placement en exploitant les inefficacit\u00e9s du march\u00e9 afin de r\u00e9aliser ses objectifs.<\/p>\n<p>Veuillez visiter\u00a0<a href=\"http:\/\/www.penderfund.com\/\">www.penderfund.com\/fr<\/a>.<\/p>\n<p>Veuillez lire les avertissements importants \u00e0\u00a0<a href=\"http:\/\/www.penderfund.com\/disclaimer\">www.penderfund.com\/fr\/avis-de-non-responsabilite<\/a>.<\/p>\n<p>Pour plus de renseignements, veuillez communiquer avec :<\/p>\n<p>Melanie Moore<br \/>\nVice-pr\u00e9sidente du marketing, Gestion de capital PenderFund lt\u00e9e<br \/>\n<a href=\"mailto:mmoore@penderfund.com\">mmoore@penderfund.com<br \/>\n<\/a>(604) 688-1511<br \/>\nSans frais : (866) 377-4743<\/p>\n<p><em>Renseignements sur les \u00e9nonc\u00e9s prospectifs<\/em><\/p>\n<p><em>Ce communiqu\u00e9 de presse peut contenir certains \u00ab\u2009\u00e9nonc\u00e9s prospectifs\u2009\u00bb avec le sens qu\u2019on leur accorde dans les lois sur les valeurs mobili\u00e8res en vigueur. On reconna\u00eet les \u00e9nonc\u00e9s prospectifs \u00e0 l\u2019emploi de certains termes, tels que \u00ab\u2009pr\u00e9voir\u2009\u00bb ou \u00ab\u2009proposer\u2009\u00bb ou d\u2019autres mots comparables et leurs d\u00e9riv\u00e9s, ou \u00e0 certaines affirmations voulant que certaines situations \u00ab\u2009puissent\u2009\u00bb ou \u00ab\u2009pourraient\u2009\u00bb se concr\u00e9tiser. Ces affirmations sont des pr\u00e9visions seulement. Les \u00e9nonc\u00e9s prospectifs se fondent sur les opinions et les estimations du gestionnaire au moment o\u00f9 les affirmations sont formul\u00e9es; ils sont sujets \u00e0 divers facteurs de risque, incertitudes et autres facteurs qui pourraient faire en sorte que les \u00e9v\u00e9nements r\u00e9els diff\u00e8rent grandement de ceux anticip\u00e9s dans les \u00e9nonc\u00e9s prospectifs.<\/em><\/p>","protected":false},"featured_media":69351,"template":"","meta":{"_acf_changed":false},"fund-type":[34,135],"news-type":[70],"class_list":["post-70126","news","type-news","status-publish","has-post-thumbnail","hentry","fund-type-multi-asset","fund-type-pender-alternative-select-equity-fund","news-type-pender-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PenderFund Capital Management Completes Transition and Takes Over Management of the Pender Alternative Select Equity Fund - PenderFund Capital Management<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PenderFund Capital Management Completes Transition and Takes Over Management of the Pender Alternative Select Equity Fund - PenderFund Capital Management\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, B.C., August 29, 2025 \u2013\u00a0PenderFund Capital Management Ltd. 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