Pender Book Review: The Undoing Project by Michael Lewis

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I recently read The Undoing Project: A Friendship That Changed Our Minds by Michael Lewis. When Lewis presented at the CFA Society Vancouver 50th Anniversary Dinner in November 2015, he mentioned that he was working on a book featuring the collaboration between Israeli psychologists, Daniel Kahneman and Amos Tversky. I had previously read Kahneman’s book Thinking, Fast and Slow and was excited to read about how he and Tversky had developed some of the ideas that led to that book.

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2016 FundGrade A+ Awards go to two Pender Funds

Written on . Posted in Other News & Reviews, Pender Blog

Congratulations to the Pender Investment Team and Portfolio Managers David Barr and Felix Narhi. Fundata Canada Inc has awarded two of Pender’s funds a FundGrade A+ Award for 2016.

The awards were presented in Toronto on January 25, 2017 and recognise “Canadian investment funds that have maintained an exceptional performance rating over the entire previous calendar year.”

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2016 – Summary of Performance and Process

Written on . Posted in Investment Insights

Stocks rarely perform in the time frames we predict, which is why the market works best for investors who have a long-term portfolio focus. Volatility in short-term returns, especially with the relatively concentrated strategies we deploy, comes with the territory and we don’t place too much emphasis on it in any given year. Nevertheless, despite a bumpy ride as various macro events shook the markets, 2016 was a great year for Pender.

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