PenderFund

Lessons and opportunities as the Fund approaches its three year anniversary As the Pender Credit Opportunities Fund approaches its three-year anniversary, Lead Portfolio Manager, Fixed Income Geoff Castle and Associate Portfolio Manager, Parul Garg join host Laura Baker to reflect on the fund's journey since launch. This episode breaks down how stressed and distressed credit works, how they find a...

When perceived advantages don't always equate to results. In the third episode of Pender's World Cup Series, Senior Equity Analyst Felix Narhi joins host Laura Baker to explore why being the favourite can become a liability and what underdog teams like Cabo Verde and Team Canada reveal about the structural advantages of playing with freedom, finding mispriced bets, and building a culture that outl...

In the second episode of Pender's World Cup Series, Senior Equity Analyst Felix Narhi joins host Laura Baker to explore why copying a winning strategy is often the fastest path to failure and what Team Canada's secret weapon reveals about finding your own irreplicable edge in soccer, business, and investing.

What soccer can teach us about investing. In the first episode of Pender's World Cup Series, Senior Equity Analyst, Felix Narhi joins host Associate Client Portfolio Manager, Laura Baker to explore what soccer's penalty kick paradox can teach investors about the bias for action and why, in markets and on the field, the hardest decision is often choosing to do nothing.

Rethinking Diversification in a Correlated World Pender's CIO and Portfolio Manager, Greg Taylor spoke with Associate Client Portfolio Manager, Laura Baker to discuss how the Pender Alternative Multi-Strategy Income Fund and the newly launched Pender Alternative Multi-Strategy Growth Fund are built to diversify return drivers, not just holdings, in a market where equities and bonds increasingly mo...

Dispersion, Discipline, and Downside Protection in an Overcrowded Market In a market dominated by mega-cap concentration and AI-driven narratives, this episode explores the overlooked opportunity set within US small and mid cap equities. Portfolio Manager, Aman Budhwar spoke with Associate Client Portfolio Manager, Laura Baker on his disciplined, bottom-up investment framework, focused on sustaina...

Building Resilient Portfolios and Managing risk Through Market Cycles In this episode, Laura Baker, Associate Client Portfolio Manager and Greg Taylor, CIO and Portfolio Manager, explore approaches to active investing, risk management, and generating returns in increasingly concentrated and volatile markets. From lessons in the dot-com era to today's AI-driven environment, he breaks down how thema...

Artificial intelligence, productivity, and the next capital cycle In this episode, Laura Baker, Associate Client Portfolio Manager, spoke with Toufic Boubez, Venture Partner at Pender Ventures, where they explored how artificial intelligence is reshaping business models, productivity, and capital cycles, while challenging traditional notions of work, learning, and competitive advantage. The podcas...

Exploring how tokenization is reshaping ownership and financial infrastructure In this episode, we discuss an important, and yet misunderstood idea at the intersection of technology and finance: tokenization. While much of the conversation around digital assets has focused on cryptocurrency, tokenization is fundamentally about the evolution of ownership and the evolution of financial infrastructur...

Valuation dispersion, software pessimism, and shifting capital flows may be setting the stage for a new cycle in small-cap investing. In this episode, Associate Client Portfolio Manager, Laura Baker speaks with CEO and Portfolio Manager, David Barr about small caps, the reset in software valuations, and how AI is reshaping both risk and opportunity. The conversation explores private market value,...

Defense Strategy, Global Tension & Investor Implications In this episode of the Pender Podcast, Laura Baker, Associate Client Portfolio Manager, is joined by Retired Vice Admiral Mark Norman to discuss Canada's evolving defense landscape and why it matters in today's geopolitical and investment environment. Drawing on decades of military leadership and policy experience, the conversation explores...

Navigating Macro Uncertainty, Thematics, and Standout Performers In this episode, Laura Baker, Associate Client Portfolio Manager, is joined by Amar Pandya, Portfolio Manager, and Ruben Gomez Garcia, Equity Analyst, to break down the major themes, trends, and standout moments from Q3 2025 across Pender's small/mid cap portfolios. The team discusses resilience in the face of macro uncertainty, key...

Inside the fund's first year: lessons, opportunity sets, and 2026 themes Celebrating one year of the Pender US Small/Mid Cap Equity Fund. In this episode, Laura Baker sits down with Aman Budhwar to reflect on the Fund's first year, the investment framework behind its early consistency, and how Aman is navigating opportunity and risk across the US small/mid cap space. They discuss AI-driven themes,...

Re-acceleration, rotations, and macro turning points. In this annual conversation, Geoff Castle, Lead Portfolio Manager, Fixed Income sits down with Callum Thomas, Head of Research at Topdown Charts to look back on last year's big macro calls, then look ahead to 2026. They cover the case for a global growth re-acceleration, why bonds might still offer better value than equities, what Japan's long...

Subtitle: A Market Isn't Always Just One Thing Forever In this episode, Laura Baker, Associate Portfolio Manager at Pender, sits down with Lead Portfolio Manager, Fixed Income Geoff Castle, Portfolio Manager Emily Wheeler and Associate Portfolio Manager Parul Garg to discuss the recent recognition of two of Pender's fixed income funds with 2025 LSEG Lipper Fund Awards. The team shares the drivers...

Geoff and Callum revisit the big themes in 2024 and tally which of their 2023 calls went right. They look ahead to 2025 and beyond and discuss the current market cycle, and where opportunities are in global small caps, Treasuries, commodities and the commercialization of space. A must-listen for professional and regular investors alike.

This is the first in a new Pender Ventures podcast series reflecting the scale-up stories of some of the great Canadian technology companies.   We kick off with the story of PMC-Sierra, a pioneering and leading semiconductor chipset supplier that specialized in the design and development of integrated circuits for networking, telecommunications and data storage.  Maria Pacella, Managing Partner of...

In this discussion , hosted by Rita Silvan , Parul Garg , Pender 's distressed credit expert in default securities, reorganizations and recapitalizations , discusses the impending catalysts for generating meaningful alpha in distressed debt in the next 3-to-5 years, and how a public credit strategy complements invest ing in private credits. She explains the various approaches to creating value and...

In a candid conversation, Parul Garg, hosted by Rita Silvan, provides an in-depth overview of the Pender Credit Opportunities Fund. Known for its strategic focus on distressed and stressed credits in public fixed income markets, the Fund leverages its nimble approach to capitalize on unique opportunities often overlooked by larger funds. Parul explains the Fund's investment strategy, the advantage...

W elcome to the PenderFund podcast! In today's episode, we delve into the intricate world of public distressed credit investing. Join Rita Silvan, Director of Content Strategy at PenderFund Asset Management, as she speaks with Parul Garg, a specialist in stressed and distressed public holdings within the Pender Credit Opportunities Fund and the Pender Corporate Bond Fund. With over a decade of exp...

Maria Pacella, Managing Partner of Pender Ventures gets an in-depth status report on Generative AI in this fascinating conversation with Duncan Stewart, D irector of T echnology, M edia and T elecommunications (TMT) Research at Deloitte Canada . Duncan 's research includes travel ling the world for real-time, fac e to face updates from companies in every sector to unravel TMT and report resulting...

In this episode Geoff Castle, Lead Portfolio Manager of Pender's Fixed Income portfolios, hosts Callum Thomas, founder and head of research of Topdown Charts for their annual podcast. Subtitle: Building puzzles.   Geoff and Callum reflect on 2023 and review which of their December 2022 calls were right, and which were early. They look ahead to 2024 and really dive into a wide range of topics, both...

Moderated by David Dufresne, Partner, CMD Capital chats with Maria Pacella, Managing Partner of Pender Ventures, Anne Phan, VP, Corporate Development at Wealthsimple and Brent Holliday, Founder & CEO of Garibaldi Capital Advisors. They discuss the final phase of the venture cycle. Subtitle: Creating liquidity through exits.

Subtitle: "A rolling loan gathers no loss" Geoff and Winnie jump right into discussing how to navigate credit markets in the current climate. There's a lot to cover as they touch on the latest remarks from the Fed, public vs private debt, dealer inventories, maturity walls, what the rest of 2023 might hold and more, closing with Winnie's book recommendation.

We are happy to bring you the latest installment in Pender's Profiles in Credit podcast series, hosted by Geoff Castle, Lead Portfolio Manager of Pender's Fixed Income . In t his episode, Geoff is joined by Sabrina Fox, Founder of Fox Legal Training  and Parul Garg, Associate Portfolio Manager, also jumps with her questions. The group covered Sabrina's road to her current position and starting her...