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. Used a value-based investment approach to manage our venture capital fund, the Pender Growth Fund Inc.|
|2009||Used our experience in venture capital as a springboard to launch into mutual funds with the inception of the Pender Small Cap Opportunities Fund and the Pender Corporate Bond Fund.|
|2010||Expanded our mutual fund business with the launch of the Pender Strategic Growth & Income Fund. Provided additional liquidity to unitholders with the restructuring of Pender Growth Fund Inc which began trading on the TSX Venture Exchange under the symbol PTF.|
|2011||Clients entrusted us with over $100 million invested in Pender’s funds.|
|2012||Held our first Pender Investment Ideas Conference.|
|2013||Felix Narhi joined Pender and the investment partnership between Felix and David Barr began. Launched the Pender US All Cap Equity Fund (renamed the Pender Global Focused Fund in June 2o21) and the Pender Value Fund.|
|2015||Brought all formerly sub-advised funds in-house to be managed “The Pender Way”. Geoff Castle joined Pender to manage the Pender Corporate Bond Fund.|
|2016||Transition in leadership as Kelly Edmison became Chairman and David Barr became President & CEO.|
|2017||Returned to our roots with the addition of Maria Pacella as SVP, Private Equity. Moved from regional to national distribution – all funds became available to investors in all Provinces and Territories of Canada.|
|2018||Launched the Pender Technology Inflection Fund 1 Limited Partnership and made our first investment. Gina Jones joined Pender as CFO. Clients entrusted us with over $1 billion invested in Pender’s funds.|
|2019||The 10-year anniversary of the mutual fund business. Held our first due diligence event. By this point, clients had entrusted us with over $1.5 billion invested in Pender’s funds. We assumed management of the Working Opportunity Fund and transitioned five funds from Vertex One Asset Management to Pender.|
|2020||Launched the Pender Bond Universe Fund and the Pender Small-Mid Cap Dividend Fund.|
|2021||Geoff Scott joined Pender as Senior Vice President, Investments and Carlo Desierto joined Pender as President (David Barr remains CEO).|