News Release: Pender Honoured at Lipper Fund Awards 2015
PenderFund Capital Management Ltd., the Manager of the Pender mutual funds, is pleased to announce that it has been recognized for excellence in investing at the Canada Lipper Fund Awards, held in Toronto on November 4, 2015. The Pender Small Cap Opportunities Fund received the 2015 Lipper Fund Award for Best Canadian Small/Mid Cap Equity Fund over both three and five year performance periods. The Lipper awards recognize consistent strong risk-adjusted performance relative to their peers.
“This award belongs to David Barr and the outstanding investment team at Pender. David is passionate about investing. His focus on business fundamentals and his private equity background have led him to many investment opportunities that were overlooked by others,” said Kelly Edmison, President of Pender. “This prestigious award is independent recognition of what we, and our investors, have known all along and we thank them for their continued support.”
The Fund was launched on June 1, 2009. It is an opportunistic, concentrated portfolio of undervalued small and microcap companies predominantly in Canada. The Manager looks for out-of-favour market-leading businesses with strong underlying economics and management teams. Taking advantage of market inefficiencies, these businesses are purchased with a margin-of-safety, or discount to intrinsic value, to minimise downside risk and provide a longer runway to potential capital appreciation. Portfolio holdings include special situations and M & A candidates.
For more information visit www.penderfund.com/lipper-award.
About the Lipper Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world’s top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards and the StarMine Analyst Awards. For more information, please contact email@example.com.
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