Dear Unitholders, The Pender Alternative Absolute Return Fund finished July with a unit price of $9.81 and distributions of $0.04 per unit[1]. Download PDF July 2022 saw a strong rebound across most asset classes following […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished June with a unit price of $9.70 and distributions of $0.03 per unit[1]. Download PDF June 2022 saw significant weakness in the high yield market as […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of June 2022 with a NAV of $10.27 per unit[1]. Download PDF The first half of 2022 closed off with $2.2T of global M&A […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of May 2022 with a NAV of $10.23 per unit[1]. M&A activity remains elevated with over $1.8T of deals announced globally at the end […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished May with a unit price of $9.86 and distributions of $0.06 per unit[1]. May 2022 brought a wild swing to markets with rates, credit and equities […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of April 2022 with a NAV of $10.23 per unit[1]. Download PDF After a slow-down last month, M&A activity is picking back up with […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished April with a unit price of $10.00 and distributions of $0.05 per unit[1]. Download PDF April 2022 was a volatile month for markets as the rubber […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of March 2022 with a NAV of $10.28 per unit[1]. M&A activity ended Q1 with over $1 trillion of global deal activity, down 21% […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished March with a unit price of $10.01 and distributions of $0.05 per unit[1]. Download PDF March 2022 was a volatile month for markets with a dramatic […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished February with a unit price of $10.01 and distributions of $0.02 per unit[1]. Download PDF February 2022 was a volatile month for markets with the high-yield […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of February 2022 with a NAV of $10.18 per unit[1]. Despite equity market volatility, record inflation, rising rates and a geopolitical crisis, M&A activity […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of January 2022 with a NAV of $10.15 per unit[1]. Download PDF M&A activity is off to the races, with momentum from the record […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished January with a unit price of $10.02 and distributions of $0.06 per unit[1]. Download PDF January 2022 was the worst month for the high-yield market since […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of December 2021 with a NAV of $10.19 per unit[1]. Download PDF M&A activity capped off 2021 with a record $5.8 trillion in global […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished December with a unit price of $9.99 and distributions of $0.03 per unit[1]. Download PDF December was a buoyant month for risk assets, with credit markets […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished November with a unit price of $9.91 and distributions of $0.05 per unit[1]. Download PDF November was the weakest month for the high-yield market since September […]
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of November with a NAV of $10.18 per unit[1]. Download PDF M&A activity continues to set records, topping $5 trillion in global deal activity […]
Dear Unitholders, The Pender Alternative Absolute Return Fund closed October with a unit price of $9.96 and distributions of $0.04.[1] Download PDF It was a challenging month in credit markets as the iBoxx Liquid High […]
Dear Unitholders, The Pender Alternative Arbitrage Fund ended the month of October with a NAV of $10.10 per unit[1]. Download PDF M&A is red-hot with a record level of global deal activity through the first […]
Dear Unitholders, The Pender Alternative Absolute Return Fund ended its first month with a NAV of $9.99[1] per unit and distributions of $0.12[1] per unit. Download PDF The high yield market was dragged modestly lower […]
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Alternative Absolute Return – July 2022
Dear Unitholders, The Pender Alternative Absolute Return Fund finished July with a unit price of $9.81 and distributions of $0.04 per unit[1]. Download PDF July 2022 saw a strong rebound across most asset classes following […]
Alternative Absolute Return – June 2022
Dear Unitholders, The Pender Alternative Absolute Return Fund finished June with a unit price of $9.70 and distributions of $0.03 per unit[1]. Download PDF June 2022 saw significant weakness in the high yield market as […]
Alternative Arbitrage – June 2022
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of June 2022 with a NAV of $10.27 per unit[1]. Download PDF The first half of 2022 closed off with $2.2T of global M&A […]
Alternative Arbitrage – Manager’s Commentary – May 2022
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of May 2022 with a NAV of $10.23 per unit[1]. M&A activity remains elevated with over $1.8T of deals announced globally at the end […]
Alternative Absolute Return – Manager’s Commentary – May 2022
Dear Unitholders, The Pender Alternative Absolute Return Fund finished May with a unit price of $9.86 and distributions of $0.06 per unit[1]. May 2022 brought a wild swing to markets with rates, credit and equities […]
Alternative Arbitrage – Manager’s Commentary – April 2022
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of April 2022 with a NAV of $10.23 per unit[1]. Download PDF After a slow-down last month, M&A activity is picking back up with […]
Alternative Absolute Return – Manager’s Commentary – April 2022
Dear Unitholders, The Pender Alternative Absolute Return Fund finished April with a unit price of $10.00 and distributions of $0.05 per unit[1]. Download PDF April 2022 was a volatile month for markets as the rubber […]
Alternative Arbitrage – Manager’s Commentary – March 2022
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of March 2022 with a NAV of $10.28 per unit[1]. M&A activity ended Q1 with over $1 trillion of global deal activity, down 21% […]
Alternative Absolute Return – Manager’s Commentary – March 2022
Dear Unitholders, The Pender Alternative Absolute Return Fund finished March with a unit price of $10.01 and distributions of $0.05 per unit[1]. Download PDF March 2022 was a volatile month for markets with a dramatic […]
Alternative Absolute Return – Manager’s Commentary – February 2022
Dear Unitholders, The Pender Alternative Absolute Return Fund finished February with a unit price of $10.01 and distributions of $0.02 per unit[1]. Download PDF February 2022 was a volatile month for markets with the high-yield […]
Alternative Arbitrage – Manager’s Commentary – February 2022
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of February 2022 with a NAV of $10.18 per unit[1]. Despite equity market volatility, record inflation, rising rates and a geopolitical crisis, M&A activity […]
Alternative Arbitrage – Manager’s Commentary – January 2022
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of January 2022 with a NAV of $10.15 per unit[1]. Download PDF M&A activity is off to the races, with momentum from the record […]
Alternative Absolute Return – Manager’s Commentary – January 2022
Dear Unitholders, The Pender Alternative Absolute Return Fund finished January with a unit price of $10.02 and distributions of $0.06 per unit[1]. Download PDF January 2022 was the worst month for the high-yield market since […]
Alternative Arbitrage – Manager’s Commentary – December 2021
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of December 2021 with a NAV of $10.19 per unit[1]. Download PDF M&A activity capped off 2021 with a record $5.8 trillion in global […]
Alternative Absolute Return – Manager’s Commentary – December 2021
Dear Unitholders, The Pender Alternative Absolute Return Fund finished December with a unit price of $9.99 and distributions of $0.03 per unit[1]. Download PDF December was a buoyant month for risk assets, with credit markets […]
Alternative Absolute Return – Manager’s Commentary – November 2021
Dear Unitholders, The Pender Alternative Absolute Return Fund finished November with a unit price of $9.91 and distributions of $0.05 per unit[1]. Download PDF November was the weakest month for the high-yield market since September […]
Alternative Arbitrage – Manager’s Commentary – November 2021
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of November with a NAV of $10.18 per unit[1]. Download PDF M&A activity continues to set records, topping $5 trillion in global deal activity […]
Alternative Absolute Return – Manager’s Commentary – October 2021
Dear Unitholders, The Pender Alternative Absolute Return Fund closed October with a unit price of $9.96 and distributions of $0.04.[1] Download PDF It was a challenging month in credit markets as the iBoxx Liquid High […]
Alternative Arbitrage – Manager’s Commentary – October 2021
Dear Unitholders, The Pender Alternative Arbitrage Fund ended the month of October with a NAV of $10.10 per unit[1]. Download PDF M&A is red-hot with a record level of global deal activity through the first […]
Alternative Absolute Return – Manager’s Commentary – September 2021
Dear Unitholders, The Pender Alternative Absolute Return Fund ended its first month with a NAV of $9.99[1] per unit and distributions of $0.12[1] per unit. Download PDF The high yield market was dragged modestly lower […]