PenderFund Capital Management Celebrates the Three-Year Anniversary of its Liquid Alternative Funds
September 10 2024 - 2:13PM
PenderFund Capital Management Ltd. (“
Pender”) is
marking the three-year anniversary of the launch of its Liquid
Alternative suite of funds. These funds provide clients with access
to diversification beyond traditional asset classes and complement
Pender’s fixed income, equity and balanced fund line-up. Launched
in 2021, our liquid alternative funds offer innovative solutions to
meet the evolving needs of investors.
The Pender Alternative Absolute Return
Fund, managed by Justin Jacobsen, CFA, is a meaningful
solution for investors seeking a differentiated return stream with
low correlation to traditional asset classes. During the past three
years, the Fund has navigated an evolving market environment and
has consistently delivered low volatility results to investors. It
has achieved an annualized return of 6.95%* since its inception in
September 2021, including 32 out of 36 positive months of
performance*.
Pender Alternative Absolute Return Fund
Performance* to August 31, 2024
1 Month |
3 Month |
6 Month |
1 Year |
3 Year |
YTD |
Since Inception |
0.21% |
0.44% |
2.79% |
6.92% |
6.95% |
4.61% |
6.95% |
*Source: PenderFund, Data is Class F as of August
31, 2024. Pender Alternative Absolute Return Fund inception date is
September 2021. Other classes are available. Fees and performance
may differ in those other classes. Standard Performance
Information for the Pender Alternative Absolute Return Fund may be
found at
https://www.penderfund.com/liquid-alternative-funds/pender-alternative-absolute-return-fund/.
Pender will host a webinar on September 12, 2024,
featuring PM Justin Jacobsen, who will share his outlook on credit
markets, discuss how the Fund balances risks and opportunities, and
identify the drivers of Fund performance since inception. This
event is open to financial professionals only. Register here.
Liquid alternative funds offer a unique advantage
to investors by providing the benefits of alternative assets with
the addition of greater liquidity and transparency with a key
benefit being their low correlation to traditional assets like
equities and fixed income.
"The team is proud to have surpassed this
significant milestone," said Justin Jacobsen, Portfolio Manager of
the Pender Alternative Absolute Return Fund. "The Fund has
delivered positive and consistent monthly returns, demonstrating
the strength of our flexible, credit-focused mandate. Our
investment approach positions us well to navigate future
credit-spread fluctuations and take advantage of the inevitable
return of volatility, ensuring we can continue to provide a
differentiated offering in the Liquid Alternatives space."
Pender’s Liquid Alternative suite of funds also
includes the Pender Alternative Arbitrage Fund,
Pender Alternative Arbitrage Plus Fund,
Pender Alternative Special Situations Fund, and
Pender Alternative Multi-Strategy Income Fund.
As we celebrate this milestone, we would like to
thank our investors and look forward to continuing to partner with
them to provide diversified sources of investment returns.
About PenderFund Capital Management
Ltd.
Pender was founded in 2003 and is an independent,
employee-owned investment firm located in Vancouver, British
Columbia. Our goal is to protect and grow wealth for our investors,
over time. We have a talented investment team of expert analysts,
security selectors and independent thinkers who actively manage our
suite of differentiated investment funds, exploiting inefficient
parts of the investing universe to achieve our goal.
For more information on Pender, visit
www.penderfund.com and www.fondspender.com. Please read important
disclosures at www.penderfund.com/disclaimer.
For further information, please contact:Melanie
Moore Vice President of Marketing, PenderFund Capital Management
Ltd.mmoore@penderfund.com(604) 688-1511Toll Free: (866)
377-4743
Forward-Looking Information
This news release contains certain “forward-looking
statements” within the meaning of such statements under applicable
securities law. Forward-looking statements are frequently
characterized by words such as “expect” or “proposed” and other
similar words, or statements that certain events or conditions
“may” or “will” occur. These statements are only predictions.
Forward-looking statements are based on the opinions and estimates
of the manager at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements.