When perceived advantages don't always equate to results. In the third episode of Pender's World Cup Series, Senior Equity Analyst Felix Narhi joins host Laura Baker to explore why being the favourite can become a liability and what underdog teams like Cabo Verde and Team Canada reveal about the structural advantages of playing with freedom, […]
VANCOUVER, B.C., July 6, 2026, (TSXV: PTF): Pender Growth Fund Inc. (the “Company” or “PTF”) is pleased to report that, further to the January 22, 2026 announcement of the proposed business combination (the “Business Combination”) of long-time holding General Fusion Inc. (“General Fusion”) with Spring Valley Acquisition Corp. III (“SVAC”), shareholder approval for the Business […]
The first half of the year had a little of everything. We have all come to expect the unexpected under President Trump but the events that have unfolded caught even the most cynical off guard. Heading into 2026, one of the consensus calls was that the FOMC would cut interest rates. They were one of […]
Why the next phase of AI may be constrained by capital, not innovation I recently came across a term that neatly captures the mood in technology markets: "The Chip Wreck." It refers to the volatility that has characterized semiconductor stocks in recent months. The companies that design and manufacture the chips powering everything from smartphones […]
Aman Budhwar Andrew Cheung Teresa Lee Laura Baker Amar Pandya Tracy Tidy Sharon Wang Felix Narhi Lynn Frazer Christopher Chow Ruben Gomez-Garcia Lukasz Darowski Maria Pacella Aman Budhwar recommends King of Kings by Scott Anderson What is it about? The book delves into the complexities of the Iranian Revolution of 1978–79, a pivotal event that […]
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were 0.4% and 0.7%1 respectively in May 2026 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.2%2. M&A Market Update M&A activity remained robust through May despite ongoing geopolitical uncertainty, tariff negotiations and concerns about economic growth. According to LSEG […]
How Class Software transformed chaotic registration lines into critical infrastructure for municipalities worldwide. In this episode of the Pender Ventures podcast, host Maria Pacella, Pender Ventures Managing Partner, sits down with Ralph Turfus, Founder, Alex Barnetson, VP Sales, and Gary Young, Class’s very first customer, to trace the full arc of Class Software, from North […]
In the second episode of Pender's World Cup Series, Senior Equity Analyst Felix Narhi joins host Laura Baker to explore why copying a winning strategy is often the fastest path to failure and what Team Canada's secret weapon reveals about finding your own irreplicable edge in soccer, business, and investing.
Market Update The month of May felt an awful lot like April, and it’s not just the weather. April was a positive month that saw equity markets recover most, if not all, of the March losses stemming from the US-Iran war concerns. Turning the calendar over to May, many market observers were calling for more of a pause. The […]
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