Geoff Castle

Lead Portfolio Manager, Fixed Income

Geoff Castle is the Lead Portfolio Manager, Fixed Income, having managed the Pender Corporate Bond Fund since September 2015, as well as the Pender Bond Universe Fund since its inception in January 2020. 

Geoff’s career as a professional investor spans two decades and includes experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals.

His area of expertise is in fundamental business analysis and valuation which he applies to credit markets to find enhanced yield or price appreciation opportunities in situations where substantial margins of safety exist.

The Pender Corporate Bond was recognized with Fundata FundGrade A+ awards for consistent outperformance against peers on a risk-adjusted basis for the entire year of 2023. This marked the fifth year in the previous six that this Fund had won a FundGrade A+ award.

Geoff’s philosophy involves controlling risk through careful consideration of credit duration and fixed charge coverage, and the fair valuation of each security class on an as-liquidated basis. Geoff also has been an active proponent of the use of objective, market- and fundamentals-derived risk measurement systems, which he believes are more useful than agency credit ratings.

Geoff holds a Bachelor of Arts degree from UBC and a Master of Business Administration from the Richard Ivey School of Business at the University of Western Ontario.

You can read Geoff’s commentaries here and listen to him interview some of the most influential thinkers, analysts and practitioners whose work affects investors in credit markets here.