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.
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| Performance (%) – 2024-03-28 | 1 Mo. | 3 Mo. | 6 Mo. | 1 Yr. | 2 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0.7 | 0.8 | 1.4 | 1.1 | 1.6 | 0.8 | 2.4 | |||
| F | 0.7 | 1 | 1.8 | 2 | 2.2 | 1 | 2.9 |
Standard Performance Data is subject to important disclosures set out in our Disclaimer
Class Fund Codes Description MER* before performance fee MER* Minimum Investment: Initial/[Subsequent] A PGF 2100 Front End 2.46% 2.55% $5,000 / [$100] F PGF 2110 Fee Based 1.41% 1.64% $5,000 / [$100] H PGF 2140 Front End – HNW 2.10% 2.23% $100,000 / [$100] I PGF 2150 Fee Based – HNW 1.24% 1.63% $100,000 / [$100] F (US$) PGF 2111 Fee Based 1.41% 1.76% $5,000 / [$100] I (US$) PGF 2151 Fee Based – HNW 1.21% 1.68% $100,000 / [$100] *As at 2023-12-31. The management expense ratio (“MER”) is calculated based on expenses charged to the fund inclusive of applicable taxes including GST and HST (excluding commissions and other portfolio transaction costs) and is expressed as an annualized percentage of average net assets for the period/year. The applicable taxes are calculated using the attribution percentage for each province based on unitholder residency.
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 Know Your Product
Pender Alternative Arbitrage Fund – December 31, 2023
Resources
Monthly
Pender Alternative Arbitrage Fund – Profile Sheet – CAD – Class A
Pender Alternative Arbitrage Fund – Profile Sheet – CAD – Class F
Annual (POS)
Pender Alternative Arbitrage Fund – Fund Facts – CAD – Class A
Pender Alternative Arbitrage Fund – Fund Facts – CAD – Class F
Pender Alternative Arbitrage Fund – Fund Facts – USD – Class F
Pender Alternative Arbitrage Fund – Fund Facts – CAD – Class H
Pender Alternative Arbitrage Fund – Fund Facts – CAD – Class I
Pender Alternative Arbitrage Fund – Fund Facts – USD – Class I
For More Visit: Legal & Financial
The Latest
Alternative Arbitrage Fund – March 2024
Highlights Fund holding, Everbridge Inc (NASDAQ: EVBG, a critical event management enterprise software company) announced they had entered into an agreement to be acquired by private equity firm Thoma Bravo. The Fund initiated positions in 10 new merger deals with 9 deals held within the Fund closing. Dear Unitholders, The Pender Alternative Arbitrage Fund was up 0.7%[1] in March 2024. The Fund’s benchmark, the HFRI ED: Merger Arbitrage Index (USD) returned 0.6% during the same period. Download the PDF. M&A Market Update Global M&A is off to a strong start in Q1 2024 with $798 billion in deals announced through…
Amar Pandya
Portfolio Manager
Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.
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