Alternative Absolute Return Fund – Featured
January 7, 2022
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Alternative Absolute Return – April 2024
Highlights The Fund added to some higher quality, high yield positions in April. Following a market rebound, we raised cash in the later part of the month. We closed our short position in Charter Communication’s unsecured bonds, and our capital structure trade in CSC Holdings LLC, a subsidiary of Altice USA. The Pender Alternative Absolute Return Fund finished April with a return of 1.6% bringing year to date return to 4.1%[1]. Download the PDF. April saw an uptick in volatility as economic data continued to push back market expectations for rate cuts from the US Federal Reserve, with just one…
