Portfolio Advisor
Matthew Shandro
Mr. Shandro, the portfolio manager at Fulcra Asset Management Inc (Fulcra), is advisor to the Corporate Bond Fund offered by Pender. Fulcra is an investment management firm dedicated to the absolute return performance of clients' assets.
Philosophy
Fulcra Asset Management has a philosophy and expertise complementary to Pender's. Like Pender it intensively researches investment opportunities, seeking undervalued companies with the potential for significant capital appreciation.
Experience
| 2009 | Established Fulcra Asset Management Inc. based in |
| Vancouver, BC. | |
| 2006 to 2008 | Portfolio manager at Great Pacific Capital Corp. a subsidiary of |
| Jim Pattison Ltd. | |
| 2003 to 2006 | Co-manager of the CI Investments Signature High Income Fund. |
| 2003 | Lead portfolio manager for CI Investments high yield corporate |
| bond portfolio. | |
| 2002 to 2003 | Associate portfolio manager with Marret Asset Management |
| a credit-oriented fixed income management firm where he | |
| began implementing alternative credit strategies. | |
| 1997 to 2002 | High yield analyst with Deans Knight Capital Management. |
| 1995 to 1997 | Equity analyst for First Marathon Securities covering |
| small to middle capitalization companies located in | |
| Western Canada. | |
| 1994 to 1995 | Equity analyst in Bangkok, Thailand. |
| 1993 | Began his career with Marathon Brokerage. |
Performance
While at CI Investments between September 2003 and July 2006, the multi-billion dollar Signature High Income Fund which Mr. Shandro co-managed achieved a 20.2% annualized return (net of fees) and in 2004 it was named "Canadian Income Trust Fund of the Year".
