In this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, is joined by David Barr, CEO and Portfolio Manager of the Pender Small Cap Opportunities Fund, Sharon Wang, Senior Equity Analyst and Tracy Tidy, Equity Analyst. They look back on what happened in the quarter, some key contributors to the Fund, positioning and a few key characteristics of companies poised to scale up, leaning on Sharon’s expertise in the tech space and Tracy’s in-depth knowledge of the food sector.

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Episode 81 – Small Cap Update

In this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, is joined by Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund (PCBF), and Emily Wheeler, Associate Portfolio Manager of the Pender Bond Universe Fund (PBUF). They look back at the last quarter’s performance, the rising rate environment and investing in areas that look uninvestable. The team also provides examples of holdings that were considered uninvestable but have performed well. The podcast ends with book recommendations from Geoff and Emily.

Episode 80 – Quarterly Fixed Income Update

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, in particular Pender’s unique expertise and track record in identifying and analyzing M&A catalysts. Amar closes the podcast with a book recommendation.

Episode 79 –The Pender Alternative Arbitrage Fund

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 Justin sees on the horizon and the current market environment. They also explore the details of some of the external variables the Fund may be subjected to and talk about the risk management and return strategy for the Fund. The podcast ends with two book recommendations from Justin.

Episode 78 – Introducing Justin Jacobsen & The Pender Alternative Absolute Return Fund

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, including six Nobel laureates. Geoff and Stephen dive into detail on the many themes in the book.

Episode 77 – Profiles in Credit – Professor Stephen Foerster

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 engineering combined with many of his family being in the medical profession gave him an edge. They also discuss the medical challenges Swift is tackling, the challenges of building the business, how entrepreneurship is a constant learning process and the opportunity that lies ahead of the company.

Episode 76 - Carlo Perez – Swift Medical

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 difference it has made in the way WEL is investing in women. Stephanie also provides some insight into the success it has achieved with its process and how it is inspiring more women to create chapters in different countries.

Episode 75 – Stephanie Andrew – Women’s Equity Lab

In this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, is joined by Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund, and Parul Garg, Associate Portfolio Manager. They look back at the last quarter’s performance, the shift in credit markets and talk about risk buckets, drivers of return and the new opportunities they are excited for.

Episode 74 – Quarterly Fixed Income Update

In this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, is joined by David Barr, President, CEO and Portfolio Manager of the Pender Small Cap Opportunities Fund and Felix Narhi, Pender’s Chief Investment Officer and Portfolio Manager, who manages the Pender Global Focused Fund and Pender Strategic Growth & Income Fund. Together, they co-manage the Pender Value Fund. They revisit the quarter’s performance, look at key contributors and identify which ones would fall into the special situations bucket. The team also takes a moment to talk about M&A and the number of take-outs they have had this quarter.

Episode 73 – Quarterly Equity Update

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, the future of money and why Andrew believes giving consumers a choice when it comes to payments is important.

Episode 72 – Andrew Mosawi – iATS Payments

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 particular they talk about the three big anniversaries rolling around for the American economy in 2021, as well as where James sees the market heading in the next decade.

Episode 71 – Profiles in Credit – James Grant

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 decade.

Episode 70 – Profiles in Credit – Stephen Poloz

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 years and what keeps them moving forward during tough times.

Episode 69 – Tobias Carlisle – The Acquirer’s Multiple

In this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, is joined by David Barr, President, CEO and Portfolio Manager of the Pender Small Cap Opportunities Fund and Felix Narhi, Pender’s Chief Investment Officer and Portfolio Manager, who manages the Pender US All Cap Equity Fund. Together, they co-manage the Pender Value Fund. They revisit the last 12 months of portfolio performance and look at how Pender’s investment process was both stress tested and set Pender’s equity funds up for their current performance profiles. They also take a moment to talk about the opportunities they are seeing at the moment, including what they are referring to as “Phoenixes”. 

Episode 68 – Quarterly Equity Update

In this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, is joined by Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund, and Parul Garg, Associate Portfolio Manager. They take a short look back on the last quarter, discuss inflation and the term premium, and review some of the sectors that have caught their eye recently.

Episode 67 – Quarterly Fixed Income Update

PenderFund discusses our approach to investing "the right way" to protect and grow capital. We cover a range of topics including value investing, being actively patient but also patiently opportunistic, managing risk and finding an investment edge. We share our opinions, and interview guests from inside and outside the industry, including visitors from portfolio companies.

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