Highlights: The Fund has thus far held above the summer lows, all the while seeing much improved forward-looking returns available in credit markets. The four factors to identify good entry points are: price, positioning, flows and sentiment…we believe those factors are looking very positive, especially for the higher quality strata of the bond market. We […]
VANCOUVER, B.C. PenderFund Capital Management Ltd. (“Pender”) is pleased to announce one-year updates on our actively managed liquid alternative mutual funds, as well as the launch of the Pender Alternative Arbitrage Plus Fund. The Pender Alternative Absolute Return Fund (“PAARF”) is a flexible, high-yield-focused alternative credit strategy that aims to produce positive absolute returns at […]
The Pender Alternative Arbitrage Fund (PAAF) marked one year since its inception on September 8, 2022 with performance of 4.3% since inception. The Fund was up 1.1% in August, bringing year to date performance to 2.2%[1]. The Pender Alternative Arbitrage Fund was launched with the goal of providing investors with a low-risk, low-volatility, absolute return-focused […]
The Pender Corporate Bond Fund continued its rebound from the summer’s lows, returning 0.4[1] in August. Download PDF The Fund’s return was bolstered by strong line-item performance in some high conviction credits including Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT) 2% convertible notes of 2026, which rallied more than 10% due to a substantial reduction in the […]
The Fund has marked one year since its inception and we are happy to now report the performance of the Fund. The Pender Alternative Absolute Return Fund finished August with a return of 1.5% bringing year to date performance to 2.9%[1]. Credit markets experienced a sharp reversal in August with a very strong tone in […]
“…don’t underestimate how smart the market is.” In this episode of Profiles in Credit, Geoff Castle reconnects with Dave Thomas, Principal and Co-Head of Training at The Marquee Group, one of Canada’s leading training organizations for financial analysts and investment bankers. Former classmates at Ivey Business School, Geoff and Dave discuss the art and science of […]
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