PenderFund

We are delighted to welcome Greg Malpass, founder of Traction on Demand, to the podcast studio, with host, Maria Pacella, managing partner of Pender Ventures. With Traction on Demand having been acquired by SalesForce in 2022, Greg can reflect on the journey to build and sell Traction, creating a "best place to work in Canada" culture, his proudest moments and his new venture.

Welcome to Part Three of this six-part series on investing in stressed and distressed debt in which Parul Garg and Geoff Castle cover the complexities of stressed and distressed credit investing, the risks and rewards, the current opportunity and their history and experience in this area. Highlights   Capital priority for credit investors—a key advantage over equity investors.   What it really tak...

In this series, Parul and Geoff will cover the complexities of stressed and distressed credit investing, the risks and rewards, the current opportunity and their history and experience in this area.  In Part Two of this six-part series on investing in stressed and distressed debt, Geoff and Parul continue the conversation. They cover:   The opportunity set they are seeing and cyclicality.   Overva...

Introducing a new six-part series on investing in distressed debt. Parul Garg and Geoff Castle have been investing in this part of credit markets since 2015 and see an opportunity emerging. The cycle created by the transition in monetary policy and the squeeze from higher interest rates now favours stressed and distressed credit investing. In this series, Parul and Geoff will cover the complexity...

Subtitle: Actionable insights from a sea of economic and market data.  Geoff and Callum reflect on 2022 and look ahead to 2023. Geoff and Callum revisit their prior conversation and discuss how the ir understanding of the market has evolved over the year and what 2023 may bring. As is tradition, Geoff and Callum also do a deep dive on a variety of topics with a focus on recession, the US dollar, p...

In this episode of Profiles in Credit, Geoff Castle, Portfolio Manager of Pender Corporate Bond Fund, reconnects with Dave Thomas, Principal and Co-Head of Training at The Marquee Group, one of Canada's leading training organizations for financial analysts and investment bankers. Former classmates at Ivey Business School, Geoff and Dave discuss the art and science of financial modelling, why model...

In this special episode David Barr, CEO and Portfolio Manager is joined by Felix Narhi, Pender's Chief Investment Officer and Portfolio Manager, Maria Pacella, Managing Partner of Pender Ventures and Geoff Castle, Portfolio Manager. Together they celebrate episode 100 by looking back on the journey that has brought Pender to where it stands today. The group discusses the Pender way of doing things...

In this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Winnie Cisar, Global Head of Strategy at CreditSights Inc. Together they discuss Winnie's background, her foray into investment banking and the series of career steps that led her to CreditSights, especially her many experiences at Wells Fargo.  Winnie looks back on her time as a strategist during the pandemic and the decisio...

In this episode Maria Pacella, Managing Partner of Pender Ventures chats with Jill Earthy, CEO of InBC and Leah Nguyen, CIO of InBC. Jill and Leah discuss their career journeys, their entry into venture capital and the experiences that have inspired them to keep pushing boundaries. Leah and Jill also share life lessons for current and future women entrepreneurs and discuss missed opportunities as...

In this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Stan Manoukian, founder of Independent Credit Research LLC. Together they discuss Stan's background , his experiences with distressed debt and the motivation that led him to start his own firm. Stan also discusses in depth the lessons he has learned throughout his career and how he applies them to distressed debt investing. F...

In this episode Kenndal McArdle, Principal, Pender Ventures chats with Wils Theagene, Senior Director Private Equity CDPQ - Equity 25^3 Fund. Kenndal and Wils talk about diversity within venture capital and the private asset class, discuss how EQ25^3 is leveraging diversity as a vector of development and expansion, the social issues surrounding diversity and the challenges that underrepresented en...

In this episode Maria Pacella, Managing Partner of Pender Ventures, is joined by Mark Longo, founder, and Managing Partner of Osler's Vancouver office. They look back at 2021 and discuss a variety of topics from talking about the M&A momentum, record IPO numbers, valuations, secondaries, and the factors responsible for record setting deals and compare 2021 to previous years. Mark also provides som...

In this episode Geoff Castle, Fixed Income Portfolio Manager, picks up his conversation with Callum Thomas, founder and head of research of Topdown Charts. They revisit Callum's predictions from March 2021 to see what went right and what came out as a surprise. They also talk in depth about inflation, the impact of COVID on a variety of sectors, the sudden shift in the Chinese real estate market a...

In this episode Tony Rautava, Associate, Pender Ventures is joined by David Barr, Pender's CEO and Portfolio Manager, Brian Claire, former CEO of One45 and Derek Hemmes, Founder and Board Member of One45. Together they take a stroll down memory lane and talk about the early days of One45, the idea that launched the company, when they knew they had product market fit, the challenges they faced, the...

In this episode Geoff Scott, Senior Vice President, Investments, chats with Amar Pandya, Portfolio Manager of the Pender Alternative Arbitrage Fund. Together they will introduce the Fund and dive into the investing strategies behind the Fund, the opportunities that Amar sees on the horizon and the overall Fund positioning. They also explore the risk management and return strategies for the Fund, i...

In this episode Geoff Scott, Senior Vice President, Investments, chats with Justin Jacobsen, Portfolio Manager of the Pender Alternative Absolute Return Fund. Together they discuss Justin's background in investing, his shift from equity to credit and introduce the Pender Alternative Absolute Return Fund. Geoff and Justin dive into the investing strategies behind the Fund, the opportunities that Ju...

In this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Stephen Foerster, Professor of Finance at Western University's Ivey School of Business. They discuss Stephen's thoughts on a variety of topics as laid out in latest book, In Pursuit of the Perfect Portfolio . The book features contributions from a star-studded cast of luminaries who have shaped the investing industry, includi...

In this episode Kenndal McArdle, Principal, Pender Ventures chats with Carlo Perez, Founder and CEO of Swift Medical Inc. Kenndal and Carlo talk about the series of decisions and choices that led Carlo down the path of entrepreneurship and the eureka moment that led him to launch Swift Medical. Carlo also provides some background on his upbringing and how his proclivity for programming and enginee...

In this episode Maria Pacella, Managing Partner of Pender Ventures, is joined by Stephanie Andrew, founding partner of Women's Equity Lab (WEL). They discuss Stephanie's background, the history behind the formation of WEL, the success it has achieved so far and the direction it is headed in. They also talk diversity issues, the benefits of having women in leadership roles and the quantifiable diff...

In this episode Kenndal McArdle, Principal, Pender Ventures chats with Andrew Mosawi, President of iATS Payments. Kenndal and Andrew discuss how he pivoted from being a scuba diving instructor to the world of payments. They talk about the challenges that Andrew saw in the payments industry, current innovations and where Andrew thinks the payment industry will go next. They also talk about crypto,...

In this episode Geoff Castle, Fixed Income Portfolio Manager, chats with James Grant, editor of the iconic Wall Street newsletter, Grants Interest Rate Observer. They discuss James' early years in Long Island, his start in journalism at the Baltimore Sun, his tenure at Barron's, where he first gained national recognition and how his interest in credit markets and capital markets formulated there....

In this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Stephen Poloz, former Governor of the Bank of Canada. They discuss Stephen's formative years, his interest in economics, his tenure as governor and the challenging events he led the Canadian economy through. They also discuss Stephen's thought process, his views on emerging trends and what he thinks will change in the next de...

In this episode David Barr, President and Portfolio Manager is joined by Tobias Carlisle, founder of The Acquirer's Multiple and Acquirers Funds. They discuss Tobias' background in investing, the memorable guests he has had on his podcasts, cryptocurrency, value traps, small cap stocks, social media and what defines a successful investor. They also look back at how investing has changed over the y...

In this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Dylan Grice, Co-founder of Calderwood Capital. They discuss Dylan's background in finance, his transition from sell side to buy side and his approach to investing, Dylan's new company Calderwood Capital and his views on a number of areas of credit markets.

In this episode David Barr, President, CEO and Portfolio Manager, chats with Kenndal McArdle, Principal, Pender Ventures. They discuss their private equity approach to public markets, and in particular, how this approach relates to Pender Growth Fund. They also discuss Kenndal's career path from public small cap to venture capital; mergers and acquisitions; how they analyze a business both from th...