Alternative Arbitrage Fund – Featured
January 11, 2022
The Latest
Alternative Arbitrage Fund – April 2024
Highlights After a euphoric March, April poured cold water on the euphoria halting the market’s year-to-date rise. Global M&A at the end of April was up 31% from last year. In Canada, technology sector leads deal volumes followed by the energy & power and financials sectors. We believe valuations for many small cap companies owned or followed by our equity team remain dislocated with activism on the rise seeking to unlock that value. Dear Unitholders, The Pender Alternative Arbitrage Fund was down -0.4%[1] in April 2024. The Fund’s benchmark, the HFRI ED: Merger Arbitrage Index (USD) returned -1.8% during the…
