Alternative Absolute Return Fund – Featured
January 7, 2022
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Alternative Absolute Return – March 2024
Highlights Cash and T-bill holdings have been reduced by about 20% of net asset value to improve portfolio yield. Additions to loan holdings, with current yields from mid-7% to mid-8%, include high quality businesses like Hilton Worldwide Holdings Inc. (NYSE: HLT) and Transdigm Group Inc. (NYSE: TDG). The Pender Alternative Absolute Return Fund finished March with a return of 0.7% bringing year to date return to 2.5%[1]. Download the PDF. Credit spreads continued to grind tighter in March with both high yield and investment grade spreads approaching the lowest risk premiums since 2007. Risk assets have shaken off a dramatic…
