Market Insights At various points during July, it started to feel like markets were finally going to break. After months of defying negative headlines and ominous signals, this seemed to be the window for the correction many had been waiting for. Yet, it never really played out that way. As usual the bond market caught […]
Dear Unitholders, The Pender Alternative Absolute Return Fund returned 0.8%1 in July, bringing year to date return to 1.8%. Credit markets were softer in July despite a sharp rally to close the month, impacted by both higher government bond yields and modestly wider spreads. High volumes of supply, much of which used to fund the […]
While the summer months are typically quieter for markets, July was dominated by earnings releases from several of the Magnificent Seven. As expected, artificial intelligence (AI) remained a central theme, with capital expenditure (capex) guidance and management commentary driving much of the market’s reaction. Amazon, Alphabet, Microsoft and Meta continued to invest heavily in the […]
In July, the Fund returned 2.5%1, ahead of the S&P/TSX Composite at 1.2% and the Russell 2000, which declined -4.1%, in an eventful month for Canadian and international markets. Canadian markets saw significant divergence in July, characterized by a rotation into value stocks and energy, while growth-oriented segments and broader small-cap indices faced headwinds. Market […]
The Pender Corporate Bond Fund dipped just slightly below breakeven in July (monthly return was -0.02%1) within the context of a negative fixed income environment that was afflicted by rising benchmark yields across the curve. The relative strength the Fund experienced was due, in large part, to our positioning in the oil and gas sector, […]
Hamed Shahbazi on founder lessons, public markets, and building WELL Health through M&A and digital transformation. In this episode of the Pender Ventures podcast, host Maria Pacella sits down with Hamed Shahbazi, founder and CEO of WELL Health Technologies. Hamed traces his journey from building TIO Networks, a bill payment infrastructure company acquired by PayPal, to founding WELL Health with a vision to modernize […]
At various points during July, it started to feel like markets were finally going to break. After months of defying negative headlines and ominous signals, this seemed to be the window for the correction many had been waiting for. Yet, it never really played out that way. As usual the bond market caught on to this […]
Why sometimes process matters more than performance. One of my go-to podcasts is How I Built This, where Guy Raz interviews some of the world’s best-known entrepreneurs about how they built their companies. I’ve been a listener for years, partly for the human side of it: the real, unpolished moments of doubt and failure that […]
HubSpot’s founding CRO Mark Roberge shares a data driven framework for knowing when startups are ready to accelerate growth. In this episode of the Pender Ventures podcast, host Maria Pacella, Pender Ventures Managing Partner, sits down with Mark Roberge, HubSpot's Founding Chief Revenue Officer, Senior Lecturer at Harvard Business School, and Co-Founder of Stage 2 […]
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