The Pender Corporate Bond Fund dipped just slightly below breakeven in July (monthly return was -0.02%1) within the context of a negative fixed income environment that was afflicted by rising benchmark yields across the curve. The relative strength the Fund experienced was due, in large part, to our positioning in the oil and gas sector, […]
Hamed Shahbazi on founder lessons, public markets, and building WELL Health through M&A and digital transformation. In this episode of the Pender Ventures podcast, host Maria Pacella sits down with Hamed Shahbazi, founder and CEO of WELL Health Technologies. Hamed traces his journey from building TIO Networks, a bill payment infrastructure company acquired by PayPal, to founding WELL Health with a vision to modernize […]
At various points during July, it started to feel like markets were finally going to break. After months of defying negative headlines and ominous signals, this seemed to be the window for the correction many had been waiting for. Yet, it never really played out that way. As usual the bond market caught on to this […]
HubSpot’s founding CRO Mark Roberge shares a data driven framework for knowing when startups are ready to accelerate growth. In this episode of the Pender Ventures podcast, host Maria Pacella, Pender Ventures Managing Partner, sits down with Mark Roberge, HubSpot's Founding Chief Revenue Officer, Senior Lecturer at Harvard Business School, and Co-Founder of Stage 2 […]
As published in The Globe and Mail Investing is much about interpretation. Markets decide which ideas deserve confidence, which should fade and which assumptions have outlived the evidence. Individuals and organizations can craft compelling market narratives, but they can't control them forever. Narratives can take on lives of their own and persist after facts change, […]
Market Update June 2026 was defined by a stark divergence between resilient global indices and localized volatility, driven by a shifting geopolitical landscape and a turn in the AI narrative. The month brought a meaningful "broadening" as investors rotated away from dominant mega-cap tech names and toward more defensive and cyclical sectors, with focus shifting […]
Market Update The first half of the year had a little of everything. We have all come to expect the unexpected under President Trump but the events that have unfolded caught even the most cynical off guard. Heading into 2026, one of the consensus calls was that the FOMC would cut interest rates. They were […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were -0.1% and -1.1%1 respectively in June 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.7%2. M&A Market Update Global M&A activity accelerated through June, capping a record first half of 2026. $2.83 trillion of transactions were announced during […]
A small rule change is giving retail investors outsized influence over market volatility. Working through market commentaries recently, the same word kept coming up: volatility. Generally speaking, that's usually in reference to oil, inflation, rates... the standard. But I came across an article in Barron's that introduced a new name to the list of volatility […]
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