Dear Unitholders, The Pender Alternative Absolute Return Fund returned -0.5%1 in October bringing year to date return to 1.4%. Wider credit spreads were somewhat mitigated by falling interest rates, but credit markets were highly bifurcated, with high yield investors crowding into issuers that were perceived to be high quality, while other issuers saw spreads blow out […]

Investing in potential beyond the market. At Pender, we look for undervalued companies with strong fundamentals, capable leadership and the potential to build long-term value. We believe meaningful opportunity is often found before it is widely recognized. That same belief is behind Pender Funds Athletes, a new initiative supporting emerging Canadian athletes as they pursue […]

VANCOUVER, B.C., November 6, 2026 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that the Pender Bond Universe Fund was recognized with a LSEG Lipper Fund Award 2026 Canada at the LSEG Lipper Fund Awards Canada ceremony, which took place on November 5 at The Ritz-Carlton, Toronto. The fund was recognized as the […]

Amar Pandya, Portfolio Manager of the Pender Alternative Arbitrage Plus Fund, was featured in Investing News Network to look at how Ottawa’s new budget and national security strategy could affect Canadian defence and space stocks, including MDA Space, Kraken Robotics and Calian. Those companies showed early business momentum in Q3 even as their share prices […]

The Pender Corporate Bond Fund had a total return of -1.1%1 in October. The monthly loss was driven by several specific exposures within the Fund, while broader investment grade and high yield benchmarks experienced positive results in the period. The risk in being different from the crowd is that occasionally you can stand out in […]

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were 0.1% and 0.0%1 in September 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned –0.5%2. M&A Market Update Global M&A activity remained well ahead of last year through September, although momentum slowed during the third quarter. According to LSEG, […]