The Pender Alternative Arbitrage Plus Fund aims to produce consistent and low volatility absolute returns by investing primarily in merger arbitrage opportunities. This low-risk strategy aims to enhance returns by using leverage and can be used to provide diversification benefits to clients with low correlation to traditional equity and fixed income investments.
Class | Fund Codes | Description | Management Fee | Admin Fee | Minimum Investment: Initial/[Subsequent] |
A | PGF 2200 | Front End | 1.80% | 0.50% | $5,000 / [$100] |
F | PGF 2210 | Fee Based | 0.80% | 0.50% | $5,000 / [$100] |
I | PGF 2250 | Fee Based – HNW | 0.65% | 0.50% | $100,000 / [$100] |
F ($US) | PGF 2211 | Fee Based | 0.80% | 0.50% | $5,000 / [$100] |
I ($US) | PGF 2251 | Fee Based – HNW | 0.65% | 0.50% | $100,000 / [$100] |
Asset Class: Alternative Merger Arbitrage |
Inception Date: September 1, 2022 |
Risk Rating: Low |
Valuation Frequency: Daily |
Distributions: DRIP annually, cash optional |
Benchmark: HFRI ED: Merger Arbitrage Index (Hedged to CAD) |
Performance Fee: 15% of the amount by which the total return of the class of units exceeds its high-water mark for the period since the performance fee was last paid. |
Portfolio Manager: Amar Pandya, CFA |
Performance information for this Fund will be added at the one year anniversary of the Fund’s inception.
Holdings information for this Fund will be added to this page at the one year anniversary of the Fund’s inception.
For More Visit: Legal & Financial
Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.
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