Market Environment – (More) Energy Shocks and the Prevalence of the US Economy March delivered a blunt reminder that geopolitics can reprice markets faster than fundamentals. The optimism that carried US small and mid-caps to outperformance in the early weeks of 2026 gave way to a more difficult backdrop as instability in the Middle East […]
Market Insights For the last year global equity markets have largely done a good job of overlooking adversity. From trade wars to AI disruption, stocks have been able to climb the proverbial ‘wall of worry’ to record levels. However, as tensions with Iran evolved into a full-on conflict, it became too much to ignore and markets fell. March […]
The late February initiation of hostilities in the Persian Gulf augured in a challenging month for the Pender Corporate Bond Fund, which ended March down -2.2%1. The market reacted to the US-led Iran bombing campaign by widening spreads in corporate credit and pushing benchmark yields higher across the curve, effects which impacted Fund holdings. A […]
For the last year global equity markets have largely done a good job of overlooking adversity. From trade wars to AI disruption, stocks have been able to climb the proverbial ‘wall of worry’ to record levels. However, as tensions with Iran evolved into a full-on conflict, it became too much to ignore and markets fell. March was a […]
Building Resilient Portfolios and Managing risk Through Market Cycles In this episode, Laura Baker, Associate Client Portfolio Manager and Greg Taylor, CIO and Portfolio Manager, explore approaches to active investing, risk management, and generating returns in increasingly concentrated and volatile markets. From lessons in the dot-com era to today’s AI-driven environment, he breaks down how […]
At Pender, our equity team focuses on identifying opportunities at the intersection of sector and capital cycles, structural change, and market inefficiencies. Our core thematic areas include Enterprise Software, Artificial Intelligence, the Energy Transition, and the evolving geopolitical landscape. This white paper examines artificial intelligence as major technological and economic shift. It is complemented by a companion podcast featuring Toufic Boubez, Venture Partner at Pender […]
VANCOUVER, B.C., April 2, 2026, (TSXV: PTF): Pender Growth Fund Inc. (the “Company” or “PTF”) is pleased to announce that PTF’s holding, Pender Software Holdings Ltd. (“PSH”), has completed its acquisition of BroadCare Solutions Limited (“BroadCare”), as announced in PSH’s press release referenced below. BroadCare Solutions Limited operates a suite of patient management software products, […]
National recognition reflects the firm’s commitment to a supportive and inclusive workplace. Vancouver, BC, April 1, 2026 – PenderFund Capital Management Ltd. (“Pender”), an independent, employee-owned investment firm, is pleased to announce that it has been selected as one of the 2026 Best Workplaces™ in Canada by the Great Place to Work® Institute. The recognition […]
Artificial intelligence, productivity, and the next capital cycle In this episode, Laura Baker, Associate Client Portfolio Manager, spoke with Toufic Boubez, Venture Partner at Pender Ventures, where they explored how artificial intelligence is reshaping business models, productivity, and capital cycles, while challenging traditional notions of work, learning, and competitive advantage. The podcast examines where real […]
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