Dear Co-investors, We sincerely thank you for partnering with us in the Pender Credit Opportunities Fund. We are truly grateful for the trust you have placed in us by allocating your capital to this strategy. […]
Dear Investor Since its inception, the Fund has achieved a net return of 29.6%, outperforming our benchmark[1] return of 14.8%. As of the end of 2024, the Fund’s net IRR stands at 20.6%. The investment […]
As published in the Institutional Investor on November 22, 2024 | Image: Freepik Warren Buffett said that he and the late Charlie Munger, “prefer a lumpy 15 percent to a smooth 12 percent return.” But not […]
Download PDF Dear Investor Since its inception, the Pender Credit Opportunities Fund (PCOF) has delivered a return of 26.7%, net of all fees and expenses, with a Net IRR of 22.2%. The investment period concluded […]
As published in the AIMA Journal on September 23, 2024. Synergy—the combination of two or more elements to produce a combined effect greater than the sum of their individual parts—has given the world Lennon and […]
Download PDF Dear Investor We sincerely appreciate your continued support of Pender Credit Opportunities Fund I (PCOF I). Since its launch, the Fund has delivered an impressive return of 19.8%, net of all fees and […]
As published in BPM on 15 July, 2024. Benjamin Graham, the “father of value investing” and author of the classic The Intelligent Investor, wrote: “Successful investing is about managing risk, not avoiding it.” Few strategies […]
As published in the Financial Post on 23 June 2024. Credit spreads serve as a premium offered to investors to offset the risks associated with bankruptcy. This quarter, high-yield credit spreads hit a decade-low of […]
Download the PDF Dear Investor We deeply appreciate your ongoing support of Pender Credit Opportunities Fund I (PCOF I). Since its inception, the Fund has delivered positive performance of 13.4% net of all fees and […]
As featured in the CFA Institute: Enterprising Investor, June 28, 2023 Each cycle in distressed debt investing is different. During the global financial crisis (GFC), many otherwise viable companies faced a liquidity crisis. Prior to […]
As featured in CFA Institute: Enterprising Investor, June 21, 2023 What is the current outlook for investors in today’s credit market? Interest rates had been in secular decline since the 1980s. In the aftermath of […]
As seen in Benefits and Pensions Monitor June 20, 2023 Businesses large and small must now try to cope with higher interest rates. We’ve seen the effects in the U.S. with bank failures at Silicon […]
The advantages of an all-weather investment strategy Looks can be deceiving. On a recent holiday, to a place where the sun was blazing, the sky was pure azure, and the sea shone like polished glass, […]
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