Alternative Absolute Return Fund – Featured
January 7, 2022
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Pender Alternative Absolute Return Fund – April 2025
Dear Unitholders, The Pender Alternative Absolute Return Fund returned -0.6% in April, bringing year to date returns to 1.4%[1]. Wild swings in risk assets and market tone induced by US President Trump’s “Liberation Day” announcement created opportunities for the Fund to both add on weakness and sell into strength. The ICE BofA US High Yield Index returned 0.0% following a decline of as much as 2.6% early in the month. The recovery in credit was uneven; the breadth of the rebound was narrower than the decline as investors crowded into fewer positions that were perceived to be safe, at least…
