Alternative Absolute Return Fund – Featured
January 7, 2022
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Alternative Absolute Return – August 2023
Highlights • The Fund benefited from volatility in credit markets with a bias to protecting capital. • The Fund’s exposure to event-driven positions was significantly reduced. The Pender Alternative Absolute Return Fund finished August with a return of 1.2%, bringing year-to-date returns to 5.2% . Following two months of decreasing risk premiums and volatility, both picked up in August. At the end of July, the S&P 500 index had not had a one-day loss of more than 1% since May 23, while there were three days where the index lost more than 1% in August. Despite the increase in volatility…
