The Pender Hot List is back! Discover your next read and listen with our guide to the best books and podcasts to enjoy this summer. From technology reshaping today's economic and investment landscape to overcoming obstacles, our Investment Team has shared their recommendations to inspire you. Aman Budhwar Sharon Wang Isaac Souweine Tracy Tidy Felix […]
As published in the Finance et Investissement/Conseiller.ca December 16, 2024 (In French) Winds of change are in the air. Years of rising interest rates to tame the inflation beast are slowly reversing as central banks loosen monetary policy. Recession fears are receding as the “hard landing” narrative has given way to the “soft or no […]
As published in the Institutional Investor on November 22, 2024 Warren Buffett said that he and the late Charlie Munger, “prefer a lumpy 15 percent to a smooth 12 percent return.” But not every investor is, or can be, a Buffett. On the contrary, many retail — and many institutional — investors are highly sensitive […]
As published in the Conseiller on October 14, 2024 (In French) The efficient market hypothesis states that share prices reflect fair market value. Since everyone has access to the same publicly available information, every known and relevant piece of data is already baked in and reflected in the current price. By this reasoning, there can […]
Nothing lasts forever, and that includes rising inflation. Now, after a couple of years of ever-rising interest rates to tamp down inflation, headline inflation is easing. The latest July report came in at 2.5%, the lowest reading since March 2021 and Fed watchers expect another 25-basis point cut in interest rates at the Bank of […]
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 negatively affects our health and lowers satisfaction with work and life. Likewise, crowded trades are no picnic for advisors who […]
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 McCartney, fish ‘n’ chips, and Dolce & Gabbana. In the realm of investing in stressed and distressed credit, investors have […]
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 “Youthquake” album. It’s a catchy little number. Over on the other side of the pond, in the investment world, something […]
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 cycles. For professional investors, table stakes are 1) clarity of goals and alignment across the whole company and, 2) having […]
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