Pender Alternative Arbitrage Fund
The Pender Alternative Arbitrage Fund aims to produce consistent and low volatility absolute returns by investing primarily in merger arbitrage opportunities. This low-risk strategy can be used to provide diversification benefits to clients with low correlation to traditional equity and fixed income investments.
Why Invest in Alternative Arbitrage
Performance information for this Fund will be added at the one year anniversary of the Fund’s inception.
Resources
Holdings information for this Fund will be added to this page in early 2022.
Class Fund Codes Description Management Fee* Admin Fee* Minimum Investment: Initial/[Subsequent] A PGF 2100 Front End 1.80% 0.50% $5,000 / [$100] F PGF 2110 Fee Based 0.80% 0.50% $5,000 / [$100] H PGF 2140 Front End – HNW 1.50% 0.50% $100,000 / [$100] I PGF 2150 Fee Based – HNW 0.65% 0.50% $100,000 / [$100] * MER was NIL at 2021-12-31 due to waiver of fees
Asset Class: Alternative Merger Arbitrage Inception Date: September 8, 2021 Risk Rating: Low Valuation Frequency: Daily Distributions: Annually in December Performance Fee: 15% of the amount by which the total return of the class of units exceeds its high-water mark Portfolio Manager: Amar Pandya, CFA Resources
Monthly
Pender Alternative Arbitrage Fund – Profile Sheet – Class F
Annual (POS)
- Pender Alternative Arbitrage Fund – Fund Facts (Class A)
- Pender Alternative Arbitrage Fund – Fund Facts (Class AF)
- Pender Alternative Arbitrage Fund – Fund Facts (Class F)
- Pender Alternative Arbitrage Fund – Fund Facts (Class FF)
- Pender Alternative Arbitrage Fund – Fund Facts (Class H)
- Pender Alternative Arbitrage Fund – Fund Facts (Class I)
For More Visit: Legal & Financial
The Latest
Alternative Arbitrage – Manager’s Commentary – May 2022
Dear Unitholders, The Pender Alternative Arbitrage Fund (PAAF) ended the month of May 2022 with a NAV of $10.23 per unit[1]. M&A activity remains elevated with over $1.8T of deals announced globally at the end of May, a total that has only been exceeded three times in history2. A total of $377B of merger deals were announced in May, making last month the third-highest May total on record. Technology continues to lead M&A activity by value and volume, with over $476B of merger deals announced in the sector, which represents 26% of total M&A. Download PDF Despite high levels of…
Recent Commentaries
Amar Pandya
Portfolio Manager
Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.
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