Valuation dispersion, software pessimism, and shifting capital flows may be setting the stage for a new cycle in small-cap investing. In this episode, Associate Client Portfolio Manager, Laura Baker speaks with CEO and Portfolio Manager, David Barr about small caps, the reset in software valuations, and how AI is reshaping both risk and opportunity. The […]
Building software for YMCAs, JCCs, and recreation centers, and reimagining member experiences through AI-powered automation. Lara Gilchrist, CEO at Traction Rec, joins Cheri Corbett, Partner at Pender Ventures to discuss management, payments and registrations of parks and recreation centers in the US. In the podcast Cheri and Lara talk about Traction Rec's spin out from […]
The Pender Corporate Bond Fund enjoyed a successful February, posting a total return of 2.2%[1]. The broader market context included strength in investment grade benchmarks, which advanced over 1%, and weaker high yield credit which delivered negative total returns on spread-widening. The Fund’s highest returning securities in February were convertible bond positions in the mining […]
February might be remembered as the month the dreams of AI started to turn into a nightmare. After a few years in which just mentioning AI in a press release would get you a multiple boost, that suddenly flipped. Fears of AI disrupting business models and destroying jobs across the entire economy took over. This was […]
In recognition of International Women’s Day on March 8, 2026, and the global theme Give to Gain, we’re highlighting perspectives from women across PenderFund. Shaped by experience, insight, and day-to-day contributions across the firm, these reflections speak to the value of sharing knowledge, supporting one another, and thinking with a long-term view. Together, they offer […]
VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the year ended December 31, 2025. Financial Highlights Net loss was $4,879,423 for the year ended December 31, 2025 (December 31, 2024 – net income of $55,473,592). Net loss per Class C common share (“Share”) was $0.69 […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were both up 0.3%1 in January 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.1%2. M&A Market Update Global M&A opened 2026 with a strong start, with over $310 billion of announced global deal value in January. The tone […]
The Pender Partners Fund returned 7.0% in January. The Fund’s all-cap mandate provides flexibility to pursue mispriced opportunities across market segments and geographies. January is always an interesting time of year. Calendars are flipped, resolutions are made, and investors look for signals about what the year ahead may hold. But does a new year truly […]
Dear Unitholders, The Pender Alternative Absolute Return Fund returned 0.4%1 in January. Robust inflows into risk assets drove returns in January, with the first two weeks of the year being particularly strong. The ICE BofA US High Yield Index reached a spread of 264bp Govt OAS mid-month before widening to finish the month at 288bp […]
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