Alternative Absolute Return Fund – Featured

January 7, 2022
Written by Evan Warburton

The Latest

Alternative Absolute Return – January 2024

Highlights A major theme in January was the reopening of the primary market in North American liquid credit, following limited issuance in late 2023. The Pender Alternative Absolute Return Fund selectively participated in new issues in both investment grade and high yield markets. We focused on high-yield bonds with all-in yields of 7% or more, as well as investment-grade bonds with spreads above 200bp. The Fund added several short-duration holdings in bonds that we expect to be called related to mergers. The Pender Alternative Absolute Return Fund finished January with a return of 1.4%[1]. Download the PDF. Markets started 2024…

Continue Reading