• Investing During Uncertain Times

    A hub of information on what Pender is doing and how we view the future

Manager's Commentary

Pender Fixed Income - May 2020

Our View from the Trenches…Credit Markets are Recovering

The recovery in bond markets has been thus far robust, even if it has been unevenly distributed...

June 4, 2020

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Latest Podcast

Fixed Income – The Past, Present and Future of High-Yield Investing

Geoff Castle talks to Glenn Reynolds, Chief Global Strategist and Co-Founder of CreditSights.

"As long as you think you have the credits that won't default…You just kind of sit tight and you wait for the next deal."

May 21, 2020

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MANAGER'S COMMENTARY

Pender Equity - April 2020

The current situation caused by COVID-19 remains fluid.

we continue to believe the small cap universe is a land of opportunity, despite short term pessimism... 

May 21, 2020

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MANAGER'S COMMENTARY

Pender Small/Mid Cap Equity - April 2020

Is It Small Caps’ Time To Shine?

The more dialed-in management teams are not satisfied with simply returning operations back to previous levels... 

May 21, 2020

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Blog Post

The Transformation of Healthcare: Is telehealth a bellwether of changes to come?

Maria Pacella writes about the inflection point in health tech

The pandemic happened just as personalized health was in its infancy...

May 20, 2020

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Podcast

Health Technology during COVID-19

David Barr talks to Hamed Shahbazi, founder and CEO of Well Health Technologies.

"Patient adoption changed, physician adoption changed, regulatory change occurred very quickly"...."

May 7, 2020

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Manager's Commentary

Pender Fixed Income – April 2020

Rebounders and New Growth…Where We are Looking for Recovery

The current investing environment is [still] beset with economic problems...[but] as we look for financial recovery, we are focussing on two areas: rebounders and new growth...

May 6, 2020

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The Globe & Mail

Rebound in small caps signals growing confidence in post-pandemic recovery

Don Walker on the nature of rebounds in small cap markets

"Once confidence comes back, investors will start to move down in market cap, money is going to move to where you can get the biggest return, and small caps are offering that."

May 3, 2020

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Podcast

Quarterly Equity Update

David Barr & Don Walker talk about current small cap markets and opportunities

"...small cap companies per se, tend to be nimble and to move a lot quicker, to change how they compete and innovate...this can create big tailwinds for small cap companies coming out of periods like this..."

April 30, 2020

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Podcast

Felix Narhi on the Implications of Accelerating Technological Change

Felix Narhi joined MOI Global on their Zurich Project Podcast to discuss the Implications of Accelerating Technological Change

"The implications to investment strategies due to this acceleration are potentially significant..."

April 29, 2020

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Podcast

Quarterly Fixed Income Update

Geoff Castle speaks to Sarah Wildman about the events of Q1

"I think there are two objectives that you want to have when you go into a bear market or a crisis of this nature. The first is to stay liquid all the way through the piece. And the second is to take advantage of really low securities prices..."

April 23, 2020

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CIO'S COMMENTARY

Pender Equity - Part 1 - Q1 2020

Investing and decision making in a time of uncertainty

Global markets have rallied off those extreme lows but we are still in the very early days... metaphorically speaking, the patient is still on the emergency operating table... 

April 21, 2020

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CIO'S COMMENTARY

Pender Equity - Part 2 - Q1 2020

The Good, the Bad and the Ugly (for now)

We have been navigating our way through the crisis like everyone else. As the facts changed, we changed our minds... 

April 21, 2020

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MANAGER'S COMMENTARY

Pender Small/Mid Cap Equity - March 2020

A disciplined approach in balancing the impact of the pandemic and the longer term

The near term is all about risk mitigation, while the longer term is about the upside potential... 

April 9, 2020

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Latest Podcast

Maria Pacella on Communicating During Uncertain Times

Maria Pacella joined James Burron and Corey Goldman to discuss communicating with investors and portfolio companies during the COVID-19 crisis.

April 8, 2020

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MANAGER'S COMMENTARY

Pender Equity - March 2020

What will tomorrow bring; getting from here to there

While no two market downturns are the same, there are lessons you can learn from each one and apply at times like this. We are taking a two-pronged approach to our analysis of companies right now... 

April 7, 2020

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MANAGER'S COMMENTARY

Pender Fixed Income – March 2020

A roadmap for credit investing in our chaotic times

We find ourselves in a volatile and uncertain market. In these circumstances we rely on our investment process and are committed to a number of guiding principles that govern our actions... 

April 6, 2020

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PROTECTING CAPITAL

What is Pender Doing?

When the facts change, we change our minds

So, what are we doing? In short, we are seeking to protect capital. We are applying our experience of prior market downturns and sticking to our investment process... 

April 2, 2020

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Growing Capital

Positioning for the Recovery

How the portfolio is positioned to capture potential gains

We have no idea where the bottom might be, but... we are working hard to build value into the portfolio and be ready for the upturn...

April 2, 2020

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PROTECTING CAPITAL

Assessing the Trinity of Risk

Valuation risk, balance sheet risk, business risk

During a financial crisis it becomes more crucial than ever to double and triple check the level of catastrophic risk associated with every investment.

April 2, 2020

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Latest Podcast

David Barr on Intelligent Investing in Crisis Mode

David Barr joined MOI Global members for a LIVE Q&A session at a special event, Intelligent Investing in Crisis Mode 2020

"The reality is, the facts have changed in pretty much every company today..."

March 25, 2020

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Wealth Professional

How small to mid caps can offer comfort amid COVID-19 volatility

Don Walker spoke to Wealth Professional about the effects of the COVID-19 crisis on the market and the opportunity in small caps

"What we’re trying to do is high-grade our portfolios and make sure we own really good companies..."

March 18, 2020

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PROTECTING CAPITAL

Four Potential Investment Strategies in a Stock Market Correction

Staying rational and disciplined in the current climate is hard for investors, even the ones who have experienced other financial crises...

March 5, 2020

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