Amar Pandya, CFA

Portfolio Manager

Amar Pandya is the Portfolio Manager of the Pender Alternative Arbitrage Fund, Pender Alternative Arbitrage Plus Fund and the Pender Alternative Special Situations Fund. He joined the company in October 2017.

Amar began his investment career in 2011 in the Portfolio Management Training Program at a large global financial services company. He moved to pursue his passion for equities becoming an Associate Portfolio Manager at a large-cap equity value firm before being drawn to Pender and the west coast in 2017.

As an advocate of a contrarian value investing approach, Amar works to identify out of favour, high quality compound growth businesses, as well as opportunistic close-the-discount investment opportunities trading at a significant discount to intrinsic value. He has also developed an expertise in event driven special situations with a primary focus on M&A and balance sheet driven special situations. Amar has researched and uncovered many such opportunities which have contributed to Pender’s equity mandates.

Amar holds a Bachelor of Commerce degree in Finance (Honours) from the University of Manitoba. He earned his Chartered Financial Analyst designation in 2015. He is actively involved with CFA Society Vancouver where he serves as a member of the CFA Vancouver Programs Committee. He also sits on the Steering Committee for the Vancouver chapter of Women in Capital Markets.

Recent posts
Pender Alternative Arbitrage Fund - July 2025

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were up 0.6% and 0.9%[1] respectively in July 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 1.1%[2]. Portfolio Update July saw another positive month of performance in the Fund as several key holdings achieved all required regulatory approvals and […]

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Pender Alternative Arbitrage Fund - June 2025

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were up 0.4% and 0.7%[1] respectively in June 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 2.7%[2]. Portfolio Update June was another positive month for the Fund, benefiting from tightening spreads in several key deals held within the Fund. […]

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Pender Alternative Arbitrage Fund - May 2025

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were up 1.4% and 1.8%[1] respectively in May 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 3.04%[2]. Portfolio Update May was another strong month for the Fund, benefiting from tightening spreads and bumps in deals initiated in the Fund […]

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Pender Alternative Arbitrage Fund - April 2025

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 […]

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Pender Alternative Arbitrage Fund – March 2025

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were 0.13% and -0.27%[1] respectively in March 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.41%[2]. M&A Market Update Global M&A activity surged in the final month of Q1 before stalling due to the mounting trade war with $885 […]

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Pender Alternative Arbitrage Fund – February 2025

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were up 0.4% and 0.6%[1] respectively in February 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.7%[2]. M&A Market Update Global M&A activity was over $617 billion in early March in-line with the same period last year[3]. In the […]

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