On April 13, Pender's Laura Baker met with students from UBC Sauder’s SWIFT (Sauder Women+ in Finance Training) programme, continuing her longstanding involvement with the initiative since its inception in 2023. SWIFT, delivered in partnership with the UBC Portfolio Management Foundation, is designed to expand access to high quality finance training and support a more inclusive pipeline of talent entering the […]

The first quarter of 2026 was marked by significant volatility that continues to reverberate across global markets. The backdrop has been characterized by pronounced dispersion across equity sectors and individual stocks. The global economy entered 2026 following a 2025 "soft landing" supported by AI spending and fiscal stimulus, but Q1 brought heightened geopolitical risks alongside […]

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 […]

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 […]

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 […]