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|
Holdings information for this Fund will be added to this page at the one year anniversary of the Fund’s inception.
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Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.