As we find ourselves in the summer months, markets have not obliged the well-respected summer slowdown, instead greeting us with wave upon wave of volatility. Today's environment is characterized by a significant and widening bifurcation, driven by an unprecedented surge in demand for AI infrastructure and a similar acceleration in national security spending internationally. Nothing […]

After returning from Space Canada’s Horizons 2026 conference held at the Canadian Space Agency headquarters, we sat down with Amar Pandya, Equity Portfolio Manager, to discuss the key themes that emerged and how they translate into potential investable opportunities.   With the space sector gaining renewed attention, particularly ahead of the anticipated SpaceX IPO, the conversation focused on how structural shifts in government spending, procurement urgency and geopolitical […]

In May, the Fund returned 3.7%, ahead of the TSX at 2.5%. The S&P 1500 Software & Services Index was the standout of the month, up 14%, led by a handful of outperformers, well ahead of both the S&P 500 (+5%) and the TSX (+2.5%), marking its second consecutive month of positive returns. Even so, […]

The Pender Corporate Bond Fund enjoyed solid performance in May, delivering a total return of 2.1%1. This return was within the context of generally strong bond market conditions as benchmark yields retreated from recent highs and credit spreads were largely unchanged. Leading the way for the Fund again in May was our position in the […]

The Pender Alternative Special Situations Fund returned 9.2%1 in April, compared to the S&P/TSX Composite, which returned 3.8% during the month. Markets remained highly volatile in April as investors continued to navigate the aftereffects of the sharp geopolitical and macroeconomic repricing that defined the first quarter. While energy markets partially stabilized following the fragile ceasefire […]

hers porteurs et porteuses de parts, Le Fonds alternatif à rendement absolu Pender a affiché un rendement de -2,0 %1 en avril pour établir son cumul annuel à 1,1 %. L’engouement exceptionnellement fort pour le risque, malgré le bouleversement persistant et grandissant du marché mondial de l’énergie, a instauré un climat difficile pour le Fonds. Le marché du crédit a atteint ses limites au début d’avril alors même que les actions poursuivaient