Amar Pandya
Portfolio Manager
Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.
The Pender Alternative Arbitrage Plus Fund aims to produce consistent and low volatility absolute returns by investing primarily in merger arbitrage opportunities. This low-risk strategy aims to enhance returns by using leverage and can be used to provide diversification benefits to clients with low correlation to traditional equity and fixed income investments.
Visit the Pender Arbitrage Hub for all of our latest news, information and articles.
| Performance (%) - April 30, 2025 | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 2 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | YTD | Since Inception | Inception Date | A | 1.4 | 1.6 | 2.3 | 5.8 | 2.6 | 2.4 | 2.4 | 2022-09-01 | F | 1.5 | 1.8 | 2.8 | 6.7 | 3.5 | 2.7 | 3.3 | 2022-09-01 |
|---|
| Annual Performance (%) | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | YTD | A | -0.5 | 3.2 | 2.4 | F | 0.5 | 4.2 | 2.7 |
|---|
Standard Performance Data is subject to important disclosures set out in our Disclaimer.
| Asset Allocation | Long (%) | Short (%) |
|---|---|---|
| US Equities | 84.1 | -5.3 |
| Cash | 12.5 | |
| Canadian Equities | 10.6 | -2.1 |
| Sector Allocation | Long (%) | Short (%) |
|---|---|---|
| Financial Services | 33.3 | -2.2 |
| Consumer Discretionary | 17.2 | |
| Health Care | 15.5 | |
| Cash | 12.5 | |
| Industrials | 8.0 | -0.2 |
| Materials | 5.2 | -1.6 |
| Information Technology | 3.7 | |
| Energy | 3.7 | -3.4 |
| Utilities | 3.5 | |
| Insurance | 3.5 | |
| Other Sectors | 1.3 |
| Currency Allocation | Long (%) | Short (%) |
|---|---|---|
| USD | 84.3 | -5.3 |
| Cash | 12.5 | |
| CAD | 10.6 | -2.1 |
| Top 10 Holdings | Fund (%) |
| Mercer Park Opportunities Corp. | 5.4 |
| Launch One Acquisition Corp. | 3.8 |
| Playa Hotels & Resorts N.V. | 3.7 |
| Everi Holdings Inc. | 3.5 |
| Triumph Group, Inc. | 3.5 |
| Dun & Bradstreet Holdings, Inc. | 3.4 |
| 2seventy bio, Inc. | 3.3 |
| Nordstrom, Inc. | 3.3 |
| PlayAGS, Inc. | 2.8 |
| Checkpoint Therapeutics, Inc. | 2.8 |
| Herc Holdings Inc. | -0.2 |
| Apollo Global Management, Inc. | -0.8 |
| Chevron Corporation | -1.3 |
| Rocket Companies, Inc. | -1.4 |
| Amcor plc | -1.6 |
| Whitecap Resources Inc. | -2.1 |
| Total Percentage of Top 10 Holdings | 35.50% |
| Total Net Assets of Fund | $12,063,250 |
| Class | Code | Description | MER1 Before Performance Fee | Trailer | Performance Fee2 | Min. Investment: Initial/[Subsequent] |
|---|---|---|---|---|---|---|
| A | PGF 2200 | Front End | 2.49% | 1.00% | 15% HWM | $5,000/[$100] |
| F | PGF 2210 | Fee Based | 1.39% | 15% HWM | $5,000/[$100] | |
| F (USD) | PGF 2211 | Fee Based | 1.36% | 15% HWM | $5,000/[$100] | |
| I | PGF 2250 | Fee Based – HNW | 1.21% | 15% HWM | $100,000/[$100] |
1 As at 31-12-2024. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.
2 15% of the amount by which the total return of the class of units exceeds its high water mark
| Asset Class: Alternative Merger Arbitrage |
| Inception Date: September 1, 2022 |
| Valuation Frequency: Daily |
| Distributions: DRIP Annually, Cash Optional |
| Benchmark: HFRI ED: Merger Arbitrage Index (USD) |
| Performance Fee: 15% of the amount by which the total return of the class of units exceeds its high water mark |
| Portfolio Manager: Amar Pandya, CFA |
Pender Alternative Arbitrage Plus Fund – March 31, 2025
Pender Alternative Arbitrage Plus Fund – Profile Sheet – CAD – Class F
For More Visit: Legal & Financial
Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.
Join our online community and receive a monthly round up of new blog posts, commentaries, podcasts, media coverage and more.