Alternative Absolute Return Fund – Featured
January 7, 2022
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Alternative Absolute Return – December 2024
Highlights The Fund generated a positive December and found opportunities in the new issue markets in both Canada and the US that included Wolf Midstream Canada LP (private) and Diebold Nixdorf Incorporated (NYSE: DBD). Our position in Neiman Marcus Group’s bond was called in late December which generated an IRR of more than 10% since July. We actively managed our cash position by adding to short dated positions in government securities and high-quality corporate credit. The Pender Alternative Absolute Return Fund finished December with a return of 1.5% bringing year-to-date return to 7.1%[1]. Download the PDF. The market euphoria of…
