While quantum computing sounds like the kind of technology that has travelled back in time from the future, believe it or not, the concept was first proposed in 1981 by Richard Feynman (who was awarded […]
“The best thing a human being can do is to help another human being know more.” – Charlie Munger On May 4, 2019, members of the Pender Investment Team joined the thousands of others descending […]
In extraordinary times, when markets are stressed the broad opportunity set widens. But from a psychological perspective, it sure doesn’t feel like an opportunity. “The tide goes out” in periods like the financial crisis of […]
In normal times, when markets are relatively tranquil the opportunity set is narrow. Armies of smart analysts and investors do their research and stocks are priced much more efficiently than less followed stocks. It’s challenging […]
Why the next big tech name could come from the healthcare sector Important Information: Pender Technology Inflection Fund I Limited Partnership managed by PenderFund Capital Management Ltd. (“Pender”) holds an investment in Clarius Mobile Health, […]
We have often talked about catalyst-driven investing, specifically in our blog post on “The art and science of investing in the next “take-out” target”. Another of the catalysts that can motivate a company to sell […]
The Pender Small Cap Opportunities Fund has been reopened. Classes B and G are now available to all investors for a limited time. So why is it a good time to reopen the Fund? Portfolio […]
It was not a great start to the new year. During the first week of the year, Apple cut its guidance and blamed it on the slow down in China. Given recent headlines, we felt […]
David Barr I’m looking forward to reading three books this holiday season. Two relate to decision making, while the third has contributed to my never-ending quest to keep myself organized and it’s time for a […]
At Pender, we see three sources of potential competitive advantage for investors today, analytical, behavioural and organisational, or cultural. In our day to day, we spend a large percentage of our research time trying to […]
Something to tell your grandkids about one day…It’s official: The S&P500 is now in the longest bull run in history. Of note, the S&P500 is also in one of the oldest bull markets globally. Virtually […]
Our focus on identifying high quality businesses that generate strong returns on invested capital and have promising internal reinvestment opportunities generally results in our funds having little to no exposure in resource companies. That said, […]
The Pender Investment Process Pender’s goal is to protect and grow wealth for our investors over time. To achieve this, we seek to understand the quality of a business or security; obtain more value than we […]
David Barr One of the things I love about the summer is that you get away from the office and have the chance to reflect. I can think about our investment process and I have […]
Don’t just do something, stand there. Like many investors, we are always looking for insights into how we might improve our outcomes over time. By taking a multi-disciplinary approach and “thinking outside the box”, we […]
