Pender’s Summer Hot List 2025
Pender’s Summer Hot List 2025 June 27, 2026 Written by PenderFund The Pender Hot List is back! Discover your next read and listen with our guide to the best books and podcasts to enjoy this […]
June 27, 2025
Forward Thinking. Finding Value.
Canadian Small Caps: High potential returns but with unique risks
As published in the Finance et Investissement/Conseiller.ca December 16, 2024 (In French) | Image by starline on Freepik Winds of change are in the air. Years of rising interest rates to tame the inflation beast are […]
December 16, 2024
Pender’s 12 Days of Holiday Reading – 2024
Pender’s 12 Days of Holiday Reading – 2024 December 6, 2024 Written by PenderFund Pender’s 12 Days of Holiday Reading is back! This year, we have a bevy of brainy books for everyone on your […]
December 6, 2024
The Price of Public Credit Can Rise and Fall Dramatically. That’s a Good Thing.
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 […]
November 25, 2024
Beyond GICs: Choosing the right investments to protect buying power
As published in The Financial Post on Oct 11, 2024 | Image: Freepik Nothing lasts forever, and that includes rising inflation. Now, after a couple of years of ever-rising interest rates to tamp down inflation, […]
October 16, 2024
Opportunity in less efficient parts of the market
As published in the Conseiller on October 14, 2024 (In French) | Image: Freepik The efficient market hypothesis states that share prices reflect fair market value. Since everyone has access to the same publicly available […]
October 16, 2024
Three time-tested investment mantras for advisors
As published in The Globe and Mail on September 26, 2024 (for subscribers only). Use low sentiment to your advantage Rush hour traffic is no one’s idea of fun. Studies show idling on crowded roads […]
September 26, 2024
Better together: The powerful synergy in public and private debt strategies
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 […]
September 23, 2024
Investors following the ‘momo’ may be missing out on a growing opportunity
As published in the Financial Post on August 25, 2024. British pop band Dead or Alive had a massive hit in the mid-80s with their song “You Spin Me Round (Like a Record)” on their […]
August 25, 2024
Identifying Attractive Opportunity Sets in Small Caps
As published in Conseiller (in French) on 12 August, 2024. Investment success over the long term is based on the positive synergy of three pillars which form the basis of alpha generation through various market […]
August 12, 2024
What Do Experts Really Know? Embracing the Unknown
As published in CFA Institute Enterprising Investor on July 29, 2024. How confident are you in what you know? In 2002, Donald Rumsfeld, U.S. Secretary of Defense spoke these, now-famous, words during a Pentagon briefing: […]
July 29, 2024
Love Story: Canadian small caps are trending higher
As published in Conseiller (in French) on 15 July, 2024. The investing adage that returns are greatest where capital is most scarce applies well to small cap stocks. These firms, often founder-led or family-owned, tend […]
July 15, 2024
Why the next five years will give tailwinds for distressed credit
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 […]
July 15, 2024
Three ways to identify capital compounders
As published in the Globe & Mail on July 9, 2024 (for subscribers only) There are thousands of publicly listed companies globally, yet only a small percentage generate long-term wealth for shareholders. In a study […]
July 9, 2024
Pender’s Summer Hot List 2024
Pender’s Summer Hot List – 2024 July 4th, 2024 Written by PenderFund The Pender guide to what we think are the best books blogs, and podcasts to enjoy this summer is back! From business memoirs, […]
July 2, 2024
Sweet ‘n’ Low: Finding exceptional value in unrated credit markets
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 […]
June 23, 2024
Sam Altman, Donald Trump, and the return of the hype beast
As published in Finance et Investissement on 3 June 2024 (in French). Can SPACs, those beleaguered blank-cheque companies whose recent history is as volatile and unpredictable as the emotional health of a certain former president of […]
June 3, 2024
Risk tolerance is emotional and can’t be measured easily
As seen in the Globe & Mail on May 16, 2024 (for subscribers only) In the professional sphere, investment risk is defined in technical terms with mathematical ratios, such as standard deviation, Sharpe Ratio, Beta, […]
May 22, 2024
Coiled Tight: Smaller Companies Are Primed for Outperformance
As Published in CFA Institute Enterprising Investor on 8 May 2024. In his keynote speech at the Ben Graham Centre’s 2024 Value Investing Conference in Toronto, Jason Zweig, a veteran columnist for The Wall Street Journal, […]
May 8, 2024
Award-winning Morgan Housel discusses risk, data traps, and how to be happier
Award-winning Morgan Housel discusses risk, data traps, and how to be happier with PenderFund’s Amar Pandya presented by the CFA Society Vancouver “Risk is what you don’t see.”- Morgan Housel The biggest risks come from […]
May 8, 2024
Jason Zweig: “Mr. Market is moody, but he is not a moron”
“In our own stock-market experience and observation, extending over 50 years, we have not known a single person who has consistently or lastingly made money by thus following the market. We do not hesitate to […]
April 30, 2024
