Add to your investing knowledge
Sign UpSign Up To Our Newsletter
Stay Connected
Join our online community and receive a monthly round up of new blog posts, commentaries, podcasts, media coverage and more.
©2021 PenderFund Capital Management Ltd. All Rights Reserved.
Manager’s Commentary – April 2020 – David Barr
Fellow Unitholders, We hope you and your families are safe and healthy in these challenging times. Stock markets made an astonishing rebound in April, making it the best month for the S&P 500 since 1987. […]
Working Opportunity Fund – March/April Update
Working Opportunity Fund (EVCC) Ltd. (“Fund”) portfolio companies are working through the challenges and opportunities brought on by the COVID-19 pandemic. We have been actively working with the management teams of our portfolio companies to support […]
Pender Fixed Income – Manager’s Commentary – April 2020
In April, the Pender Corporate Bond Fund continued a rebound of unit values that began in the latter part of March. We have a lot of work left to do to recover from the drawdown […]
CIO’s Commentary – Felix Narhi – Part 1
“There are decades when nothing happens; and there are weeks when decades happen.” – Vladimir Lenin In this commentary we cover: A different kind of unexpected and an extraordinary downturn “Fog of war” and decision […]
CIO’s Commentary – Felix Narhi – Part 2
What now? “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward Like most, we watched the early advancement of the coronavirus outbreak in […]
Manager’s Commentary – March 2020 – Don Walker
And this too shall pass Pender is entering its fourth week of working from home. There have been some adjustments to our new reality, but we have been extremely fortunate to so far be free […]
Manager’s Commentary – March 2020 – David Barr
Fellow Unitholders, Before I start, I want to acknowledge the unsettling situation we are all facing. I look around and I see people playing their part to reduce the spread of COVID-19 and that fills […]
Pender Fixed Income – Manager’s Commentary – March 2020
While managing the portfolio is our main focus, we want to start by saying that we hope you and your families are staying healthy in the crisis we find ourselves in. The Pender Corporate Bond […]
Manager’s Commentary – February 2020 – David Barr
Fellow Unitholders, Welcome to our February monthly commentary – it’s already feeling a little outdated! These are certainly volatile times as we watch markets react to the potential impact of the COVID-19 virus and now […]
Pender Fixed Income – Manager’s Commentary – February 2020
The Pender Corporate Bond Fund declined -0.7% in February, as coronavirus fears and falling commodity prices hit credit hard in the latter half of the month. North American high yield credit spreads spiked to more […]
Manager’s Commentary – January 2020 – David Barr
Fellow Unitholders, We had a positive start to 2020 with the Pender Value Fund up 1.0% in January and the Pender Small Cap Opportunities Fund with a gain of 3.7%[1]. During the same time period, […]
Pender Strategic Growth & Income Fund – Managers Commentary – January 2020
The Pender Strategic Growth & Income Fund had a modest start to 2020 with F Class units of the Fund returning 1.10%. The fixed income portion of the Fund (Pender Corporate Bond Fund, Class O) […]
Working Opportunity Fund – January Update
Working Opportunity Fund (EVCC) Ltd. (“Fund”) provided a portfolio update in a news release on January 31, 2020. In that update we noted that one of the Fund’s private portfolio companies had accepted a term […]
Pender Corporate Bond Fund – Manager’s Commentary – January 2020
The Pender Corporate Bond Fund had a modestly positive result in January, as an early year rally in wider spread credits faded towards the end of the period with investors focusing on the risks relating […]
Manager’s Commentary – December 2019 – David Barr
Fellow Unitholders, What a difference a year makes. Or does it? Putting pen to paper (well, fingers to keyboard) for the 2019 year-end commentary, it was interesting to reflect on how things are today compared […]