Episode 102 – Quarterly Liquid Alternatives Update
July 21, 2022

Episode 102 – Quarterly Liquid Alternatives Update

In this episode Rita Silvan, host, chats with Amar Pandya, Portfolio Manager of the Pender Alternative Arbitrage Fund and Justin Jacobsen, Portfolio Manager of the Pender Alternative Absolute Return Fund.

Subtitle: Navigating volatility to identify opportunities

Description: In this episode Rita Silvan, host, chats with Amar Pandya, Portfolio Manager of the Pender Alternative Arbitrage Fund and Justin Jacobsen, Portfolio Manager of the Pender Alternative Absolute Return Fund. Together the team looks at performance from the last quarter and discusses current market dynamics. Amar and Justin also share some insight into the opportunities that they believe may come up in the future. They shed some light into M&A activity and whether they believe the momentum is over. The team also discusses at length their current risk management tactics and how they are adjusting their strategy to respond to dynamic market conditions. The podcast closes with a reading recommendation from the team.

Key Takeaways

[1:05]Amar and Justin discuss the key themes they have observed this quarter and dive into current M&A activity.
[3:50]With a 100-basis point increase from the Bank of Canada, Justin shares his opinion on the current market cycle and whether he believes a recession is imminent.
[5:50]The conversation moves to M&A activity with Amar providing a specific focus on the tech sector.
[7:00]Rita asks how the team is handling risk management and Justin and Amar share some names of issuers that they have added to the fund. Amar and Justin also discuss how they are trimming the portfolio to better handle risk.
[11:50]Is there a silver lining for SPAC’s? Amar believes so and shares his thoughts on the matter.
[14:55]Dusting off their crystal ball, Amar and Justin share their outlook for the second half of the year. Is volatility our friend?
[16:30]The team share a book recommendation.