Who We Are
Pender was founded in 2003* and is an independent, employee-owned investment firm located in Vancouver, British Columbia.
Our goal is to protect and grow wealth for our investors over time. We have a talented investment team of expert analysts, security selectors and independent thinkers who actively manage our suite of niche investment funds, exploiting inefficient parts of the investing universe to achieve our goal.
- We believe that small and nimble funds, such as ours, can be opportunistic, accessing unique investment opportunities that are potentially rewarding for investors.
- We believe that funds with concentrated portfolios of value‐based investments have the potential to generate superior long‐term, risk‐adjusted returns.
- We believe that managers who have their own financial interests aligned with those of investors in the fund show greater conviction in their investment process and act with heightened vigilance of both risks and opportunities.
- We believe that a diverse and inclusive team drives more rounded conversations, leading to better decision making for our funds.
The name “Pender” is well-recognized in the lower mainland of British Columbia. Pender Harbour on the Sunshine Coast was named after Daniel Pender, a Royal Naval Officer and Captain who served and led several expeditions to accurately chart the BC coastline. Apparently known for his “zeal and thoroughness…his mandate was to resolve unsafe discrepancies in…the survey maps of Captain Cook and Captain Vancouver”1. Navigating unsafe waters is what we do too.
1 The Reverend Ed Hird, St Simon’s Anglican Church, North Vancouver (date unavailable)
|2003||Pender was established in Vancouver, British Columbia. It began using a value-based investment approach to manage its venture capital fund, the Pender Growth Fund Inc.|
|2009*||Pender launched its mutual fund division, with the inception of the Pender Small Cap Opportunities Fund managed by David Barr and the Pender Corporate Bond Fund.|
|2010||Pender expanded its mutual fund business with the launch of two additional funds, the Pender Canadian Opportunities Fund and the Pender Strategic Growth & Income Fund.|
|With the approval of unit holders, Pender restructured Pender Growth Fund Inc and it began trading on the TSX Venture Exchange under the symbol PTF.|
|2013||Felix Narhi joined Pender and we launched the Pender US All Cap Equity Fund and the Pender Value Fund.|
|2015||All formerly sub-advised funds were brought in house. Geoff Castle joined to lead the fixed income mandate.|
|2017||Maria Pacella joined Pender as SVP, Private Equity.|
|2018||Pender completed the first close in the Pender Technology Inflection Fund 1 Limited Partnership. Gina Jones joined Pender as CFO.|
|2019||We mark the ten year anniversary of our mutual fund division. Pender assumed management of the Working Opportunity Fund.|