The Pender Corporate Bond Fund emerged from July with a positive return of 1.9%[1]. The compressed spring of lower bond prices unwound a bit in the month as a potential slowdown in inflation provided the occasion for a celebratory rally. That inflation slowdown also had positive implications for our sister Fund, the Pender Bond Universe […]
Dear Unitholders, The second quarter of 2022 was challenging for investors. Macro trends from the first quarter of the year continued and the headwinds intensified. The war in Ukraine, elevated commodity prices, and persistent and rising inflation all contributed to investor uncertainty. Central banks have moved swiftly to withdraw stimulus from the economy, raising benchmark […]
Fellow Unitholders, It has been a volatile first half of the year that has seen significant drawdowns in equity markets as valuations have reset in anticipation of weaker economic growth in the coming quarters. Investors have focused on the macro headwinds of rising interest rates as policymakers are focused on curbing demand to slow inflation. […]
Fellow unit holders, It has been a volatile first half of the year that has seen significant drawdowns in equity markets as valuations have reset in anticipation of weaker economic growth going forward. Investors have focused on the macro headwinds of rising interest rates as policy makers are intent on curbing demand to slow inflation. […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished June with a unit price of $9.70 and distributions of $0.03 per unit[1]. Download PDF June 2022 saw significant weakness in the high yield market as the strong bounce in late May faded ahead of US CPI which came in much hotter than expected. This erased […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of June 2022 with a NAV of $10.27 per unit[1]. Download PDF The first half of 2022 closed off with $2.2T of global M&A activity continuing the two-year streak of >$1T in quarterly deals2. While down 21% from last year’s record pace, M&A activity […]
"*" indicates required fields
