Market Update Equity markets enjoyed a relatively calm end to summer, as August gave investors a reprieve from recent volatility and offered some time to relax. However, once the calendar turned to September and schools reopened, it seemed a switch was flipped. The first signs showed up in the US bond market. We believe stubborn […]
The Pender Corporate Bond Fund had a drawdown of -1.3%1 in September within the context of an aggressive rise in benchmark yields in every major market. Duration-sensitive bonds, which do not form a particularly large portion of the portfolio, experienced significant price declines. Our holding in the longer dated 2052 US TIPS was down over […]
Market Update Equity markets enjoyed a relatively calm end to summer, as August gave investors a reprieve from recent volatility and offered some time to relax. However, once the calendar turned to September and schools reopened, it seemed a switch was flipped. The first signs showed up in the US bond market. We believe stubborn […]
Equity markets enjoyed a relatively calm end to summer, as August gave investors a reprieve from recent volatility and offered some time to relax. However, once the calendar turned to September and schools reopened, it seemed a switch was flipped. The first signs showed up in the US bond market. We believe stubborn inflation, increasing […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were 0.5%1 in August 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 1.9%2. M&A Market Update Global M&A activity continued its strong recovery through August, with approximately $2.1 trillion of deal value announced during the first eight months of […]
Market Update August kept up with the theme of market volatility, as mid-cycle economic strengthening and an intensifying AI investment supercycle conflicted with the continued geopolitical conflict in the Middle East. Yet, markets proved once again that geopolitical disruption can likely be shrugged off as noise: investors spent much of the month navigating rising bond […]
At Pender, we believe that when women have the knowledge and confidence to take control of their financial futures, families, businesses and communities all benefit. This week, members of the Pender team attended the 2026 Her Wealth Financial Symposium: The Future is Female, hosted by Her Wealth Society at The Vancouver Club. The sold-out symposium […]
From infrastructure and energy to banks and resource companies, Pender CIO, Greg Taylor shares his perspective on which sectors could benefit most from Canada's latest investment push. Watch his discussion with Larysa Harapyn for the Financial Post: https://bit.ly/4d4A1my
The Pender Alternative Special Situations Fund returned 6.7%1 in August, compared to the S&P/TSX Composite, which rose 3.1% during the month. Fund Specific Updates Following a more challenging July, August marked a return to positive territory for the themes we most closely track, as well as several event-driven holdings contributing strongly to performance. In a […]
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