Pender
Pender Alternative Absolute Return Fund
Jul 2026 → Jul 2026
Our archive holds 1 letter from this strategy and positions in 8 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Pender for every strategy.
Performance
as of Jul 31, 2026 · net of fees · CAD · Class F
- YTD+1.8%index +2.9%
Index: HFRI Credit Index hedged to CAD
| YTD | |
|---|---|
| Pender Alternative Absolute Return Fund | +1.8% |
| HFRI Credit Index hedged to CAD | +2.9% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Jul 31, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
We closed our small short position in CoreWeave Inc. unsecured bonds in mid-July, covering our short more than six points lower than our last sale in June.
We continued to add exposure in the Canadian dollar high yield market through attractively priced new issues from MDA Space Ltd. (TSX: MDA) which issued a 7-year bond at 6.5%,
- New positionSopaipilla Investor LLCJul 2026
we did purchase an investment grade rated issue from a Meta Inc. leased and supported transaction for Sopaipilla Investor LLC,
- AddedArterra Wines CanadaJul 2026
We continued to add exposure in the Canadian dollar high yield market through attractively priced new issues from MDA Space Ltd. (TSX: MDA) which issued a 7-year bond at 6.5%, Saturn Oil and Gas Inc. (TSX: SOIL) which priced a 5-year bond at 7.5%, and finally Arterra Wines Canada issued a 5-year bond at 7.5%.
We used the decline in share price to opportunistically cover most of our short position.