Alternative Arbitrage Fund – Featured
January 11, 2022
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Pender Alternative Arbitrage Fund – March 2025
Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were 0.13% and -0.27%[1] respectively in March 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.41%[2]. Download the PDF. M&A Market Update Global M&A activity surged in the final month of Q1 before stalling due to the mounting trade war with $885 billion of deal value announced through March[3]. There was a pick-up in mega-cap mergers during March with three deals announced bringing the first-quarter total to seven transactions greater than $10 billion in size. Even with the end-of-quarter boost, mega-mergers were down compared…
