Justin is the Portfolio Manager of the Pender Alternative Absolute Return Fund. He joined Pender in August 2021.
Justin most recently worked as a Senior Portfolio Manager at one of Canada’s largest pension fund managers. During his four-year tenure, he was responsible for managing a high-yield focused credit strategy, generating returns for the underlying pension funds. Justin has also spent 11 years at a highly regarded Canadian investment firm. He worked in progressive roles as a member of the firm’s fixed income team. His investment research contributed to the Absolute Return and High Yield Bond strategies at the firm.
Justin’s investment approach is centered around his quick response to market dynamics, taking advantage of opportunities and reacting to increased risk. The key is intelligent security selection across capital structures and markets, supported by active investing, as experienced and applied through multiple market cycles. He has demonstrated the patience and discipline to hold a high quality but out-of-favour security, while constantly re-evaluating his investment thesis in response to new information. Justin is focused on uncovering the best risk-adjusted opportunities in every market cycle and dynamically adjusts portfolio positioning for market environments to protect and grow capital. He utilizes strategies such as distressed credit investing, event-driven trading, capital structure arbitrage, and actively works with management teams to help shape positive outcomes for the securities held.
Justin graduated with a BA in Honours History from Western University and an MBA in Finance from Washington State University. He earned his Chartered Financial Analyst designation in 2012.
Having lived in Victoria for four years, Justin relocated back to his home city of Vancouver with his wife and two children. He is an outdoor enthusiast, who enjoys skiing and playing golf whenever he can.
Dear Unitholders, The Pender Alternative Absolute Return Fund finished July with a unit price of $9.81 and distributions of $0.04 per unit[1]. Download PDF July 2022 saw a strong rebound across most asset classes following a historically weak first half of 2022. The ICE BofA US High Yield Index returned 6.02%, the best monthly return […]
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 Absolute Return Fund finished May with a unit price of $9.86 and distributions of $0.06 per unit[1]. May 2022 brought a wild swing to markets with rates, credit and equities all selling off before rebounding sharply late in the month. The ICE BofA US High Yield Index returned 0.25%, which […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished April with a unit price of $10.00 and distributions of $0.05 per unit[1]. Download PDF April 2022 was a volatile month for markets as the rubber starts to meet the road with monetary policy normalization accelerating. The very sharp rebound for risk assets in late March […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished March with a unit price of $10.01 and distributions of $0.05 per unit[1]. Download PDF March 2022 was a volatile month for markets with a dramatic pivot from “risk off” to “risk on” in the middle of the month. Risk assets were not deterred by the […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished February with a unit price of $10.01 and distributions of $0.02 per unit[1]. Download PDF February 2022 was a volatile month for markets with the high-yield market putting up its second consecutive negative month and fifth negative month out of the last six. The ICE BofA […]
"*" indicates required fields
