Pender Partners Fund

The Pender Partners Fund, formerly the Vertex Managed Value Portfolio, was acquired from Vertex One Asset Management on December 15, 2019. The Fund is offered privately under an Offering Memorandum, pursuant to prospectus exemptions. The Pender Partners Fund is an equity fund and will mirror the investment strategy of the Pender Value Fund which is a go-anywhere, concentrated portfolio consisting of the “Best Ideas” from the Pender Investment team, including special situations. This is a portfolio of companies with the potential for long term capital appreciation, regardless of market cap or geographical constraints. The objective of the Fund is to achieve capital growth over the long-term for unitholders, while being sufficiently diversified to mitigate volatility, with the potential to benefit from its available inherited tax loses.

  • Pender will be reporting the standard performance information for this Fund in January 2020. 

  • Pender will be reporting the holdings information for this Fund in January 2020. 

  • Class Fund Codes Description MER (Capped) Minimum Investment: Initial/[Subsequent]
    A VRT 102 Front End 2.40% $25,000 / [$10,000]
    F VRT 101 Fee Based 1.40% $25,000 / [$10,000]
    Asset Class: All Cap Equity
    Inception Date: April 3, 1998
    Valuation Frequency: Monthly
    Eligibility: AB, BC, MB, NB, NS, NT, ON, PE, SK; Registered Plans
    Distributions: DRIP Annually, Cash Optional

    Portfolio Manager: David Barr, CFA. President and Portfolio Manager, PenderFund Capital Management

    Co- Manager: Felix Narhi, CFA. Chief Investment Officer and Portfolio Manager, PenderFund Capital Management

  • Documents are being finalised and filed. As soon as they are available, they will be loaded to this page.

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  • The Latest

    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 2020 year-end commentary, it was interesting to reflect on how things are today compared to a year ago. Last year we laid out three key observations for small and mid cap markets in North America.  Market sentiment was incredibly negative Top down small and mid cap valuations looked bullish The bottom up view was bullish I started off by commenting on how different things are a year later. In fact, the only change we have really seen in a material way is market sentiment which has become more bullish. What has remained the same are the fundamentals of small and mid cap markets, which remain very attractive as potential drivers for long term performance. Download the PDF 1.           Market sentiment is now extremely bullish In stark contrast with this time last year, investors were no…

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