Shows
PenderFundPender Podcast - Celebrating the 1 Year Anniversary of Pender US Small/Mid Cap Equity FundInside the fund's first year: lessons, opportunity sets, and 2026 themes Celebrating one year of the Pender US Small/Mid Cap Equity Fund. In this episode, Laura Baker sits down with Aman Budhwar to reflect on the Fund's first year, the investment framework behind its early consistency, and how Aman is navigating opportunity and risk across the US small/mid cap space. They discuss AI-driven themes, sector diversification, portfolio construction discipline, and opportunities looking into 2026.
2025-12-1624 min
PenderFundProfiles in Credit - The Annual Sit Down with Callum Thomas - 2025 Re-acceleration, rotations, and macro turning points. In this annual conversation, Geoff Castle, Lead Portfolio Manager, Fixed Income sits down with Callum Thomas, Head of Research at Topdown Charts to look back on last year's big macro calls, then look ahead to 2026. They cover the case for a global growth re-acceleration, why bonds might still offer better value than equities, what Japan's long bond is signalling, and how to think about commodities, currencies and private credit risk in a world of shifting cycles.
2025-12-1152 min
PenderFundConsistency, Strategy and Always Finding Opportunity in Fixed IncomeSubtitle: A Market Isn't Always Just One Thing Forever In this episode, Laura Baker, Associate Portfolio Manager at Pender, sits down with Lead Portfolio Manager, Fixed Income Geoff Castle, Portfolio Manager Emily Wheeler and Associate Portfolio Manager Parul Garg to discuss the recent recognition of two of Pender's fixed income funds with 2025 LSEG Lipper Fund Awards. The team shares the drivers behind their consistent performance, their disciplined investment process and their outlook on risks and opportunities in the evolving credit landscape. Disclaimer
2025-11-0627 min
PenderFundProfiles in Credit: The Annual Sit Down - Market cycles, manias, and opportunitiesGeoff and Callum revisit the big themes in 2024 and tally which of their 2023 calls went right. They look ahead to 2025 and beyond and discuss the current market cycle, and where opportunities are in global small caps, Treasuries, commodities and the commercialization of space. A must-listen for professional and regular investors alike.
2024-12-0549 min
PenderFundPMC-Sierra – The importance of innovation, adaptability and resilienceThis is the first in a new Pender Ventures podcast series reflecting the scale-up stories of some of the great Canadian technology companies. We kick off with the story of PMC-Sierra, a pioneering and leading semiconductor chipset supplier that specialized in the design and development of integrated circuits for networking, telecommunications and data storage. Maria Pacella, Managing Partner of Pender Ventures sat down with three key executives and co-founders, each of whom made significant contributions to the semiconductor industry, Greg Aasen, Kevin Huscroft and Colin Harris. They look back on the critical phases of...
2024-10-0152 min
PenderFundThe role of a public credit strategy in a diversified— and fortified— fixed income portfolioIn this discussion, hosted by Rita Silvan, Parul Garg, Pender's distressed credit expert in default securities, reorganizations and recapitalizations, discusses the impending catalysts for generating meaningful alpha in distressed debt in the next 3-to-5 years, and how a public credit strategy complements investing in private credits. She explains the various approaches to creating value and managing risk in both the Pender Credit Opportunities Fund and Pender Corporate Bond Fund portfolios
2024-09-1323 min
PenderFundDistressed Credit Markets: An Inside Look at the Pender Credit Opportunities FundIn a candid conversation, Parul Garg, hosted by Rita Silvan, provides an in-depth overview of the Pender Credit Opportunities Fund. Known for its strategic focus on distressed and stressed credits in public fixed income markets, the Fund leverages its nimble approach to capitalize on unique opportunities often overlooked by larger funds. Parul explains the Fund's investment strategy, the advantages of focusing on public over private credit, and how proactive credit management plays a crucial role in generating alpha for investors. This insightful discussion sheds light on the risk and rewards of investing in distressed credit markets, highlighting the Fund's...
2024-07-0426 min
PenderFundNavigating Public Stressed and Distressed Credit Investing in Today's MarketsWelcome to the PenderFund podcast! In today's episode, we delve into the intricate world of public distressed credit investing. Join Rita Silvan, Director of Content Strategy at PenderFund Asset Management, as she speaks with Parul Garg, a specialist in stressed and distressed public holdings within the Pender Credit Opportunities Fund and the Pender Corporate Bond Fund. With over a decade of experience, Parul provides a comprehensive look at the strategies and insights that drive success in this challenging yet rewarding investment landscape. Subtitle: Expertise and experience, transparency and liquidity
2024-06-1427 min
PenderFundDeploying Generative AI: Predictions, Surprises, Strategies and ShortagesMaria Pacella, Managing Partner of Pender Ventures gets an in-depth status report on Generative AI in this fascinating conversation with Duncan Stewart, Director of Technology, Media and Telecommunications (TMT) Research at Deloitte Canada. Duncan's research includes travelling the world for real-time, face to face updates from companies in every sector to unravel TMT and report resulting predictions. Maria and Duncan talk about Generative AI from a number of angles: company side implementation, client-side adoption, supply and demand, pricing and more.
2024-04-2334 min
PenderFundProfiles in Credit – The Annual Sit Down - Geoff Castle and Callum ThomasIn this episode Geoff Castle, Lead Portfolio Manager of Pender's Fixed Income portfolios, hosts Callum Thomas, founder and head of research of Topdown Charts for their annual podcast. Subtitle: Building puzzles. Geoff and Callum reflect on 2023 and review which of their December 2022 calls were right, and which were early. They look ahead to 2024 and really dive into a wide range of topics, both fixed income as well as small-cap equities, commodities and UAPs (formerly UFOs). Is the US government hiding something? Many would regard this as a "must-listen".
2023-12-1448 min
PenderFundFundFest Panel: How Investors Can Support ExitsModerated by David Dufresne, Partner, CMD Capital chats with Maria Pacella, Managing Partner of Pender Ventures, Anne Phan, VP, Corporate Development at Wealthsimple and Brent Holliday, Founder & CEO of Garibaldi Capital Advisors. They discuss the final phase of the venture cycle. Subtitle: Creating liquidity through exits.
2023-09-1443 min
PenderFundProfiles in Credit - Winnie Cisar - Part TwoSubtitle: "A rolling loan gathers no loss" Geoff and Winnie jump right into discussing how to navigate credit markets in the current climate. There's a lot to cover as they touch on the latest remarks from the Fed, public vs private debt, dealer inventories, maturity walls, what the rest of 2023 might hold and more, closing with Winnie's book recommendation.
2023-09-0739 min
SaaSpasseEp.13 - Isaac Souweine : AI & SaaS verticalAujourd’hui sur le pod, je jase avec Isaac Souweine, partenaire chez PenderFund.
Isaac est le premier VC sur le show — un VC qui s’est déjà salit les mains dans le produit et l’établissement de communautés tech à MTL. On discute de SaaS verticaux et de health tech, le type de compagnies qui intéresse beaucoup PenderFund. On creuse aussi sur le rôle du AI dans les SaaS, et comment les VC et fondateurs devraient réfléchir au AI.
Isaac sur LinkedIn, Twitter, site perso
The PNR — un système pour transformer votre ob...
2023-05-221h 10
PenderFundProfiles in Credit – Sabrina FoxWe are happy to bring you the latest installment in Pender's Profiles in Credit podcast series, hosted by Geoff Castle, Lead Portfolio Manager of Pender's Fixed Income. In this episode, Geoff is joined by Sabrina Fox, Founder of Fox Legal Training and Parul Garg, Associate Portfolio Manager, also jumps with her questions. The group covered Sabrina's road to her current position and starting her company, the benefits of "speaking legalese" as well as some cautionary tales and lessons learned. And before you jump to any conclusions, if you think that a discussion of legal covenants in credit might be b...
2023-05-1737 min
PenderFundGreg Malpass - Traction on DemandWe 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.
2023-05-1144 min
PenderFundBottom of the iceberg 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 takes to be a great distressed credit investor. Why distressed credit is an all-weather investing strategy.
2023-05-0816 min
PenderFundA dragon in the basementIn 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. Overvalued and undervalued sectors. Where investing ideas come from. The Four Ps: Pre-investment, Purchase, Pro-active credit management, Position exit. The Team's 13-Point Credit Checklist.
2023-05-0122 min
PenderFund"The Spigot is Open"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 of this investment niche, the risks and rewards, the current opportunity and their history and experience in this area. In Part One they tackle: A road-tested investment strategy spins out from the Pender...
2023-04-2118 minPenderFundProfiles in Credit – Focusing on 2023 with Geoff Castle and Callum ThomasSubtitle: 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 their 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, precious metals and more. The podcast ends with a recommendation from Callum and his thoughts on ChatGPT.
2022-12-1552 minPenderFundProfiles in Credit - Dave ThomasIn 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 modelling is the most important shortcut to finding value, and where a financial model might find value today.
2022-09-0845 min
Planet MicroCap Podcast | MicroCap Investing StrategiesEp. 232 - Criteria for Small and MicroCap Opportunities in Market Drawdowns with Sharon Wang, Senior Investment Analyst at PenderFund [Planet MicroCap Podcast]For this episode of the Planet MicroCap Podcast, I spoke with Sharon Wang, Senior Investment Analyst at PenderFund. We originally met when Sharon moderated a panel, titled, ”MicroCap Technology Growth Companies” at our virtual event in December 2021 (highly recommend checking that out), and I wanted to get to know Sharon and her investing philosophy better. Assuming that you’ve been following the news, or better yet seen the performance from the MicroCap Review Index, the broader markets have been taking a bit of a shellacking with MicroCaps taking the brunt of this beatdown. With all this in mind, the best i...
2022-07-0848 minPenderFundThe Journey from Start UpIn 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, growing the team and how processes and the business have evolved over the years. They also look back at some of their favorite moments from featured guests in our podcasts to major milestones for the firm. The...
2022-07-0740 min
Planet MicroCap Podcast | MicroCap Investing StrategiesEp. 232 - Criteria for Small and MicroCap Opportunities in Market Drawdowns with Sharon Wang, Senior Investment Analyst at PenderFundFor this episode of the Planet MicroCap Podcast, I spoke with Sharon Wang, Senior Investment Analyst at PenderFund. We originally met when Sharon moderated a panel, titled, "MicroCap Technology Growth Companies" at our virtual event in December 2021 (highly recommend checking that out), and I wanted to get to know Sharon and her investing philosophy better. Assuming that you've been following the news, or better yet seen the performance from the MicroCap Review Index, the broader markets have been taking a bit of a shellacking with MicroCaps taking the brunt of this beatdown. With all this in mind, the best...
2022-07-0748 minPenderFundProfiles in Credit - Winnie CisarIn 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 decision-making process that led to some memorable calls. Geoff and Winnie also discuss Investment Grade and High Yield bonds, with some examples drawn from past and present experiences. The podcast ends with a book recommendation from Winnie.
2022-05-1947 min
PenderFundJill Earthy & Leah Nguyen – InBC Investment CorpIn 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 well as the mistakes they have made along the way. Other topics of interest center around DEI, sustainable development and the opportunities and challenges Leah and Jill see for BC when it comes to investing...
2022-05-0532 min
Pender VenturesInternational Women’s Day 2022In this episode Maria Pacella, Managing Partner of Pender Ventures celebrates International Women’s Day 2022 by taking a listen back to some of the “best bits” from our podcasts featuring Judi Hess, Natalie Dakers, Norma Biln, Jacqueline Ovens, Christy Wyatt, Michelle Scarborough and Alison Nankivell. These excerpts have been specifically selected to impart timeless advice and guidance to women looking to take the next step in their career, possibly into a leadership position, or to start their entrepreneurial journey.
2022-03-0822 minPenderFundProfiles in Credit - Stan ManoukianIn 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. Finally, Stan shares his perspectives on a variety of topics from credit cycles, as they relate to distressed credit investing and the opportunity with reorg equities.
2022-02-2441 min
PenderFundWils Theagene - Caisse de dépôt et placement du QuébecIn 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 entrepreneurs face when seeking funding or access to resources. Kenndal and Wils also discuss ESG in depth and how CDPQ has become a leader in this domain, and Wils offers his advice and opinions on how companies can do a better job...
2022-02-1038 min
Pender VenturesWils Theagene - Caisse de dépôt et placement du QuébecIn 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 entrepreneurs face when seeking funding or access to resources. Kenndal and Wils also discuss ESG in depth and how CDPQ has become a leader in this domain, and Wils offers his advice and opinions on how companies can do a better job when...
2022-02-1038 min
PenderFundMark Longo - Osler, Hoskin & Harcourt LLPIn 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 some detailed insight into founders turning into investors after successful exits, the current IPO trend, foreign investments, and how current and future entrepreneurs can go about raising money and what they should have ready in their tool kit. The...
2022-01-2046 min
Pender VenturesMark Longo - Osler, Hoskin and Harcourt LLPIn 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 some detailed insight into founders turning into investors after successful exits, the current IPO trend, foreign investments, and how current and future entrepreneurs can go about raising money and what they should have ready in their tool kit. Th...
2022-01-2046 min
Pender VenturesExiting The Year With “A Year Of Exits”In our final episode for the year, Felix Narhi is joined by David Barr, Maria Pacella and Amar Pandya for a year end discussion on exits. The team looks back at the year through the lens of our record-breaking list of exits, with 11 public and 6 private liquidity events. They reveal some of the secret sauce and we learn why Maria has started to believe in unicorns. The team provides some in depth analysis on a few of the events and discuss where they see the M&A and IPO environment heading in the new year.
2021-12-0936 min
Pender VenturesThe One45 StoryIn 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 lessons they learned as they build the company for not just one but three acquisitions. Listen out for Brian’s recruitment and promotion stories!
2021-12-0952 min
Planet MicroCap Podcast | MicroCap Investing StrategiesEp. 204 - Planet MicroCap LIVE: Canada Virtual Edition - Reviewing 2021 and What Lies Ahead for MicroCap Stocks in 2022 with Dave Barr, CFA, CEO and Portfolio Manager at PenderFund Capital ManagementFor Episode 204 of the Planet MicroCap Podcast, I'm sharing the Planet MicroCap Podcast: LIVE episode with guest, Dave Barr, CEO and Portfolio Manager at PenderFund Capital Management that was broadcast yesterday at the SNN Network Canada Virtual Event. I've had Dave on the program previously and he even gave a keynote earlier this year at the January edition of this event. I invited him back on the program to take a look back because, for those following closely, MicroCaps have been crushed in the last little bit here, Canadian MicroCaps especially, and I thought it would be interesting to...
2021-12-0850 min
PenderFundProfiles in Credit - Catching Up With Callum ThomasIn 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 and finally Callum provides some insight into where he thinks the market is headed in 2022. Callum also provides his outlook and thoughts for a post pandemic world. The podcast ends with a...
2021-11-2550 min
PenderFundThe One45 StoryIn 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 lessons they learned as they build the company for not just one but three acquisitions. Listen out for Brian's recruitment and promotion stories!
2021-11-1052 min
Yet Another Value PodcastFelix Narhi discusses Stitch Fix $SFIXFelix Narhi, CIO and Portfolio Manager at PenderFund, discusses his investment in Stitch Fix (SFIX). Key topics include what Stitch Fix's Act 2 looks like, why negative anecdata from first time users doesn't worry Felix, and what separates Stitch Fix from other online retailers.Felix's Q2 letter: https://www.penderfund.com/commentaries/the-managers-commentary-q2-2021-2/My SFIX tweet thread: https://twitter.com/AndrewRangeley/status/1450509121661308928?s=20Felix's Twitter: https://twitter.com/PenderFelixChapters0:00 Intro1:10 Stitch Fix Overview2:40 Addressing the negative anecdata6:30 What does SFIX's transition to Act 2 look like?9:10 Why...
2021-10-201h 05
PenderFundPM Amar Pandya & the Pender Alternative Arbitrage FundIn 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.
2021-09-2327 min
PenderFundPM Justin Jacobsen & the Pender Alternative Absolute Return FundIn 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...
2021-09-1627 min
PenderFundProfiles in Credit – Professor Stephen FoersterIn 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.
2021-09-0951 min
Catherine Murray in Conversation withCatherine Murray In Conversation With David BarrDavid Barr, CEO and PM at Penderfund joins me today to discuss how he is thinking about the world and he discusses a lot of his funds investment ideas. It was a great discussion with David and I really hope you enjoy!Please send any comments for future guests and questions to: contactc3m@gmail.com Remember to please Like, Share and Subscribe!Follow me on: Twitter: @catherinebiztv https://twitter.com/CatherineBizTV Instagram: @catelizabethmurray https://www.instagram.com/catelizabethmurray/?hl=en For more information about David see here: https://www.penderfund.com/our-team/david-barr/
2021-08-2934 min
PenderFundCarlo Perez – Swift MedicalIn 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...
2021-08-2656 min
Pender VenturesCarlo Perez – Swift MedicalIn 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...
2021-08-2656 min
PenderFundStephanie Andrew – Women's Equity LabIn 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...
2021-08-1239 min
Pender VenturesStephanie Andrew – Women’s Equity LabIn 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 about diversity, 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 WEL has achieved through its process and how it is inspiring more women to crea...
2021-08-1239 min
The Acquirers PodcastVenture Value: David Barr on small and micro growth and value with Tobias Carlisle on The Acquirers PodcastDavid Barr is the President and CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.
The Pender Small Cap Opportunities Fund, managed by David, has won a Lipper Fund Award for Best Canadian Small/Mid Cap Fund over both three and five year performance periods for 2015 to 2017. The Pender Value Fund, which he also co-manages with Felix Narhi, received Fundata’s FundGrade® A+ Award in 2016 and 2017. These awards recognise funds that have maintained “an exceptional performance rating over the entire previous calendar year”.
https://www.penderfund.com/
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2021-07-1245 min
PenderFundAndrew Mosawi – iATS PaymentsIn 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.
2021-06-2445 min
Pender VenturesAndrew Mosawi – iATS PaymentsIn 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.
2021-06-2445 min
PenderFundProfiles in Credit – James GrantIn 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.
2021-06-1752 min
PenderFundProfiles in Credit – Stephen PolozIn 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.
2021-05-2747 min
PenderFundTobias Carlisle – The Acquirer's MultipleIn 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.
2021-05-1357 min
Pender VenturesPender’s Private Equity Approach to Public MarketsIn 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 the public and the private side and their views on Canadian companies to going public.
2021-04-2134 min
PenderFundProfiles in Credit – Dylan GriceIn 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.
2021-03-2555 min
PenderFundPender's Private Equity Approach to Public MarketsIn 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 the public and the private side and their views on Canadian companies to going public.
2021-03-1834 min
PenderFundProfiles in Credit – Callum ThomasIn this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Callum Thomas, founder and head of research of Topdown Charts. They discuss Callum's background and early career, the path to launching Topdown Charts and what it offers, Callum's approach to credit cycles and their perspective on potential interest rates over the next few years as we enter the recovery.
2021-03-1150 min
PenderFundWomen Investing in WomenIn this episode Maria Pacella, Managing Partner of Pender Ventures, is joined by Jacqueline Ovens, Alison Nankivell and Heather Conradi. Gathered to mark International Women's Day, the guests discuss how they invest in women fund managers and entrepreneurs, how gender diversity plays a role in returns, how they measure diversity within their organizations and how we need to continue to close the gender gap in the investing world.
2021-03-0453 min
Planet MicroCap Podcast | MicroCap Investing StrategiesEp. 163 - Looking for Multi-Baggers with Dave Barr, President, CEO and Portfolio Manager at PenderFund Capital ManagementFor this episode of the Planet MicroCap Podcast, I spoke with Dave Barr. He is the President, CEO and Portfolio Manager at PenderFund Capital Management. Dave recently did a phenomenal presentation at our last virtual event, and thought it would be fun to continue the conversation of how he and PenderFund identify multi-baggers.Link to presentation: https://www.youtube.com/watch?v=xvkcygx07wIFor more information about PenderFund Capital Management, please visit: https://www.penderfund.com/You can Follow Dave Barr on Twitter @PenderDave: https://twitter...
2021-03-0347 min
PenderFundAndrew Wilkinson – Tiny CapitalIn this episode David Barr, President, CEO and Portfolio Manager, chats with Andrew Wilkinson, Co-Founder and Managing Partner of Tiny Capital. They discuss Andrew's early entrepreneurial background and his transition to investor, his experience in the tech sector, value investing and taking his company, WeCommerce, from private to public.
2021-02-2650 min
PenderFundDavid Smith - TeradiciIn this episode Maria Pacella, Managing Partner of Pender Ventures, is joined by David Smith, CEO of Teradici. They discuss the acceleration of the work-from-home movement caused by COVID-19 and how Teradici was well-equipped to support existing and new clients in this digital shift. They also cover Teradici's engineering Emmy win for their work in media and entertainment, and their recent update to support Mac OS in virtualized environments.
2021-02-1140 min
PenderFundIan Cassel – Intelligent Fanatics Capital ManagementIn this episode David Barr, President, CEO and Portfolio Manager, chats with Ian Cassel, the founder of MicroCapClub, CIO of Intelligent Fanatics Capital Management and co-founder of intelligentfanatics.com. As two avid microcap investors, there was a lot of ground to cover. The benefit of years of micro and small cap investing wisdom is packed in this one-hour podcast.
2020-12-1049 min
PenderFundProfiles in Credit – Ben RabidouxIn this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Ben Rabidoux, President of North Cove Advisors. They discuss Ben's background and his role at North Cove Advisors, how to navigate the Canadian real estate sector as well as the broader Canadian economy. Additional Resources: Canadian Credit Trends – October 2020
2020-11-2638 min
PenderFundIntroducing Pender VenturesIn this episode Maria Pacella is joined by Kenndal McArdle, Principal of Pender Ventures, and their new team member, Kristina Bergman, Partner at Pender Ventures. Maria chats with Kristina to learn more about her background and experiences working as a tech product marketer and manager, an entrepreneur and an investor. Then Kristina turns the tables and interviews Kenndal about what makes Pender Ventures stand out from the competition.
2020-11-1939 min
PenderFundChris Mayer – Woodlock House Family CapitalIn this episode David Barr, President, CEO and Portfolio Manager, chats with Chris Mayer, Portfolio Manager of the Woodlock House Family Capital fund and co-founder of the firm. They discuss Chris' novel 100 Baggers: Stocks that Return 100-to-1 and How to Find Them, including his motivation to write the book, themes from key chapters and how his knowledge from experiencing COVID-19 would influence the book if he wrote it today. They also cover names that they both hold in their portfolios and the key principles Chris turns to when looking for the next "100 bagger".
2020-11-1240 min
PenderFundProfiles in Credit – Frances DonaldIn this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Frances Donald, Global Chief Economist at Manulife Investment Management. They discuss Frances' role and how she got her start in economics, her three-phased approach to navigating the COVID-19 pandemic along with modern monetary theory and the sustainability of credit spreads.
2020-10-2942 min
PenderFundBill Wignall – Sangoma Technologies CorporationIn this episode David Barr, President, CEO and Portfolio Manager, chats with Bill Wignall, President and CEO of Sangoma Technologies. They discuss Bill's nine years at the helm of Sangoma, starting from his initial goals for the company and how they have achieved the growth they have, including migrating away from hardware and declining market segments to where they are today. They also cover the impact of COVID-19 on the business and the key lessons Bill has learned since becoming CEO.
2020-10-2247 min
PenderFundProfiles in Credit – David DodgeIn this episode Geoff Castle, Fixed Income Portfolio Manager, chats with former Bank of Canada Governor, David Dodge. They discuss a number of critical economic events that occurred during his seven-year term including 9/11, the commodities boom in the mid 2000s and the early stages of the 2008 financial crisis along with his current voice in Canadian economic circles as a senior advisor at Bennett Jones.
2020-09-241h 01
PenderFundLauren Templeton – Templeton & Phillips Capital ManagementIn this episode David Barr, President and Portfolio Manager, chats with Lauren Templeton, Founder and President of Templeton & Phillips Capital Management. They discuss Lauren's early interest in investing, her family ties to Sir John M. Templeton, value investing and how to engage the next generation of investors.
2020-09-1050 min
PenderFundProfiles in Credit – Morley ConnIn this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Morley Conn, Director of Equity Hybrids at Scotiabank Global Banking and Markets. Together they take a deep dive into the convertibles market to uncover the opportunities, inefficiencies and features of convertibles, as well as swapping war stories.
2020-08-2744 min
PenderFundJohn Mihaljevic – Manual of Ideas & MOI GlobalIn this episode David Barr, President and Portfolio Manager, chats with John Mihaljevic, chairman of MOI Global and managing editor of The Manual of Ideas. They discuss value investing, the history of MOI global, technology businesses and small and micro-cap investing.
2020-08-1346 min
PenderFundProfiles in Credit – Professor Edward AltmanIn this episode Geoff Castle, Fixed Income Portfolio Manager, chats with Edward Altman, Professor Emeritus of Finance at NYU's Stern School of Business. They discuss Professor Altman's background in distressed credit, the Altman Z-Score, Professor Altman's recent paper which assesses default and bankruptcy rates and conditions before and after COVID.
2020-07-3040 min
PenderFundSavneet Singh – PAR Technology CorpIn this episode David Barr, President and Portfolio Manager, chats with Savneet Singh, President and CEO of PAR Technology Corp., a holding in several of Pender's equity mandates for over a year. They discuss software as a platform, entrepreneurship, corporate culture and the transformation of PAR since Savneet became CEO.
2020-07-2345 min
PenderFundInvesting in Distressed CreditIn this episode Geoff Castle, Fixed Income Portfolio Manager, is joined by Parul Garg, Associate Portfolio Manager of the Pender Corporate Bond Fund, and Amar Pandya, Associate Portfolio Manager on the equity team. They discuss the current market conditions that have led to some interesting opportunities in distressed credit. They look back at prior dislocations, including 2016, as well as the risks associated with investing in distressed credit.
2020-07-0234 min
PenderFundThe Timeless Principles of Investing in a Changing WorldIn this episode David Barr, President and Portfolio Manager, is joined by Felix Narhi, Chief Investment Officer and Portfolio Manager to discuss how they apply the Pender investment process through periods of uncertainty. They cover predictive attributes, successful business models during the global pandemic, and some of the benefits of investing in the small and micro-cap space.
2020-06-1828 min
PenderFundWhat Scales is SimplicityIn this episode Kenndal McArdle, PE/VC Investment Associate, talks to Matias Marquez, Chief Executive Officer and Founder of Buyatab Online Inc. They discuss Buyatab's start in 2009, Matias' entrepreneurial spirit, and the decisions Matias has made along the way to put Buyatab's success first.
2020-06-0437 min
PenderFundProfiles in Credit – Glenn ReynoldsIn this episode Geoff Castle, Pender's Fixed Income Portfolio Manager, talks to Glenn Reynolds, Chief Global Strategist and Co-Founder of CreditSights. Pender's fixed income team have worked with the research analysts of CreditSights for a number of years. Geoff and Glenn talk about the early days of high-yield, moving up to the present day and how past events may shape the post-COVID-19 future.
2020-05-2139 min
PenderFundHealth Tech Trends in the Age of COVID-19In this episode David Barr talks to Hamed Shahbazi, founder and CEO of Well Health Technologies. They discuss how they first met and their connection, Hamed's first company, TIO Networks and how he is applying all the experience and learning from that enterprise to Well Health Technologies. We re-recorded a key part of the conversation. This episode was taped before COVID-19 was declared a pandemic. At that time, Hamed discussed waiting for the adoption of digitization in healthcare to catch up to other industries, and in particular how doctors were slow to adopt technology into their practices...
2020-05-0744 min
Alternative Thinking: Both Sides of the Investment CoinPenderFund Capital Management & Goldman CommunicationsIn this episode we have two industry leaders speaking on messaging and communication. We dive deep into how to communicate during these interesting times to private equity portfolio companies, investors, and one’s internal team. We also note some companies on the frontlines in the fight against COVID-19.
2020-04-0835 min
PenderFundPender's New Look Bond UniverseIn this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, sits down with Geoff Castle and Emily Wheeler, Portfolio Manager and Associate Portfolio Manager respectively of the recently launched Pender Bond Universe Fund. They discuss the new Fund, introduce Emily and highlight her experience, and talk about the current credit market and where both managers see opportunities.
2020-02-2025 min
PenderFundExploring Leadership and Diversity of ThoughtMaria Pacella is joined by Christy Wyatt, CEO and member of the board of directors at Absolute Software. They discuss Christy's education at the College of Geographic Sciences, her career as a software engineer and her rise to executive leadership positions at Palm, Sun Microsystems, Apple, Motorola, Citigroup, Good Technology and Dtex. Christy talks us through her journey that saw her named one of Inc. Magazine's Top 50 Women Entrepreneurs of America, while providing advice for balancing a successful career and a fulfilling family life. She also touches on how diversity is one of the key benefits of being a...
2019-12-0534 min
PenderFundThe 13 Steps to Investing in Fixed IncomeSarah Wildman is joined by Geoff Castle and Parul Garg, Portfolio Manager and Associate Portfolio Manager of the Pender Corporate Bond Fund. They discuss their thirteen-step decision-making checklist for analysing securities for inclusion in the portfolio.
2019-11-2124 min
PenderFundTurning Over RocksDavid Barr is joined by Felix Narhi, Chief Investment Officer and Portfolio Manager on the equity side, and Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund who come together to discuss current markets and the opportunity we see for our balanced fund, the Pender Strategic Growth and Income Fund.
2019-10-2429 min
PenderFundAdvice for the Next Generation of Women Leaders in Health TechMaria Pacella, SVP and co-manager of Pender Technology Inflection Fund is joined by Natalie Dakers and Norma Biln, role models for any young girl looking for a career in the STEM disciplines. Natalie is the President, CEO and founder of Accel-Rx Health Sciences Accelerator and Norma is the CEO of Augurex. They discuss how they zoned in on how they wanted to channel their interest in the sciences, and how they made a successful career happen for themselves. They also talk about some of the obstacles they had to overcome, how they have honed their leadership style and other...
2019-09-2654 min
PenderFundAvoiding Value Traps by Looking for CatalystsFelix Narhi, Chief Investment Officer and Portfolio Manager at Pender is joined by President and Portfolio Manager David Barr to discuss how Pender minimizes the odds of finding ourselves stuck in a value trap by looking for catalysts in advance. They discuss the criteria that they look for in small and micro-cap stock picking and Pender's long history of identifying catalysts. They also discuss which books David has been reading lately.
2019-09-1221 min
PenderFundThe Highs and Lows of Venture CapitalMaria Pacella, Senior Vice President of Private Equity at Pender, is joined by Michelle Scarborough, Managing Director of Strategic Investments and the Women in Technology Venture Fund at the Business Development Bank of Canada. They discuss the challenges and rewards of investing in venture capital enterprises, building bridges, talent spotting, hitting target markets and managing stakeholder expectations. They also discuss what Michelle has been reading lately.
2019-08-0130 min
PenderFund"Culture Eats Strategy"David Barr interviews Michael Lombardi, former NFL executive and author of Gridiron Genius. Michael shares his experiences as a member of the coaching staff for several NFL teams working alongside head coaches Bill Walsh, Al Davis and Bill Belichick and how these remarkable experiences led to the publication of his book, "Gridiron Genius". Touching on culture and leadership in football strategy, Michael shares how the importance of building teams in the NFL relates to the business world today.
2019-06-2040 min
PenderFundPender's 10 Year AnniversaryDavid Barr is interviewed by Sarah Wildman, Director of Institutional Relationships at PenderFund. They look back on the past 10 years of Pender, highlighting key events and stories, the Pender culture, and of course, investing. Key Takeaways [01:03] The key events for Pender over the past 10 years. [05:11] The key factors which have contributed to Pender's growth. [05:53] The Pender Edge. What are the three core components? [10:47] "There are two types of companies in the market: Those with problems and those that will have problems." [13:30] The core characteristics of Pender's clientele.
2019-06-0629 min
PenderFundJust What the Doctor OrderedMaria Pacella sits down with the founder of Clarius Mobile Health, Laurent Pelissier. Laurent has been at the forefront of developing and commercializing cutting-edge ultrasound technology for nearly 20 years. Clarius is an inflection-stage tech company which has developed and commercialized wireless handheld ultrasound scanners which can be used anywhere from a physio office to remote emergency service calls. Laurent and Maria talk about his entrepreneurial journey, what he hoped to achieve when he founded Clarius, the problems the company is trying to solve and the breakthroughs they have made.
2019-05-1625 min
PenderFundBuilding an Enterprise from the Ground UpMaria Pacella sits down with the founders of Point Grey Research, a global leader in innovative, high-performance digital cameras. She was joined by Vlad Tucakov, Don Murray and Malcom Steenburgh who share stories from their days at the University of BC to building an organisation of over 300 employees worldwide. They give insights into how Point Grey grew over the years, the challenges they faced and the tough decisions that had to be made, until it was eventually acquired by FLIR Integrated Imaging Solutions in 2016.
2019-03-2844 min
PenderFundLeadership Lessons from Judi HessIn this episode Maria Pacella talks to Judi Hess, CEO of Copperleaf Technologies, a Vancouver based venture capital backed firm which has developed decision analytics software for companies around the world managing critical infrastructure. Judi talks about her experience of rising through the ranks, being overlooked for leadership positions, how she arrived in her current role as CEO and how she still sees instances of gender bias in the workplace today. Maria asks her about who inspired and influenced her, what she learned along the way, and the advice she has for women generally in business and in leadership...
2019-03-0847 min
PenderFundTechnology Disruption - Edge Computing, IoT and Anomaly DetectionThis is the last in the four part series on Disruptive Technology. Maria Pacella, SVP, Private Equity and Portfolio Manager of the Pender Technology Inflection Fund, has been talking with Silicon Valley veteran, Rich Miller. In this last podcast they are joined by Toufic Boubez, VP Engineering at Splunk and a serial entrepreneur and tech industry leader with expertise in disruptive solutions. Having discussed blockchain and big data, this podcast turns to edge computing, the Internet of Things, anomaly detection and machine learning.
2018-12-2828 min
PenderFundTechnology Disruption - Big DataMaria Pacella, SVP, Private Equity and Portfolio Manager of the Pender Technology Inflection Fund, continues her conversation with Rich Miller about data management. Rich has an interesting take on data as an asset that needs nurturing, feeding and care, in order to fulfill its potential. Some companies are well positioned, and some have a way to go, especially against the backdrop of increased regulation. Rich provides insights around how AI machine learning can be applied to data analysis and predictions, and touches on the difference between data science and data engineering. He gives an example of the challenges and...
2018-12-1727 min
PenderFundTechnology Disruption - BlockchainIn the second of this four part series on disruptive technology, Maria Pacella, Senior VP, Private Equity at Pender, continues her conversation with Rich Miller, a technology expert and Silicon Valley veteran. This time the discussion turns to blockchain – a complex subject which Rich breaks down into understandable concepts. He touches on some of the challenges and opportunities blockchain offers, with some insights on which sectors will be early to adopt, why they will want to lead and not follow and possible approaches.
2018-12-1032 min
PenderFundTechnology Disruption - "A front row seat"Maria Pacella, SVP Private Equity at Pender, interviews Rich Miller, who has had a long and illustrious career in Silicon Valley, being at the forefront of distributed computing and networking technologies that we rely on today for the web. From designing and implementing email under ARPAnet, to creating the early predecessor of Slack, to being involved in General Magic's push to release personal communicators, Rich has alternated between being a consultant to tech companies and being involved in tech startups. He shares some great insights into the industry and lessons learned from his experiences, as well as his predictions...
2018-11-2922 min
PenderFundEvaluating RiskIn the second of this two part series on risk, David Barr and Felix Narhi move from talking about risk assessment at the company level to risk management at the portfolio level. One of the key aspects is cash management - having cash on hand always helps to make better decisions and, at the end of the day, investing is a probabilistic endeavor so it's all about making the best decisions possible. Felix and David also discuss concentration, sector diversification and alignment. Circle of competence makes another reappearance with a significant role to play in risk assessment at the...
2018-11-2622 min
PenderFundThe Trinity of RiskIn the first of this two part series on risk, David Barr and Felix Narhi take a deep dive into risk assessment at the company level. A primary goal is capital preservation, and this starts with risk assessment. David and Felix discuss the trinity of risk - balance sheet risk, valuation risk and business risk - and discuss their approach to evaluating each of these different types of risk. Understanding the role of behavioral psychology in investments and staying within your circle of competence is also key. They also reflect on how their thinking of balance sheet risk has...
2018-11-1939 min
PenderFundMeet PM Geoff CastleMeet Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund, who recently celebrated his third anniversary managing the Fund. On this episode, David Barr, Pender's President, chats with Geoff about his background, and how his previous experiences tie into his outlook on credit markets and his approach to portfolio management. They discuss how he navigates the challenges and opportunities within fixed income, as well as how the market has changed in the past three years. Geoff also shares more about his strategies for capital preservation as a bond manager and where he sees future opportunities. Tune in to...
2018-11-0831 minPenderFundThe 80/20 Rule On June 28, 2018, the Pender Value Fund turned five. In the last of this three part series, David Barr and Felix Narhi, co-managers of the Fund, look back on the investment strategies and how they translated into some of the better ideas in the Fund. They discuss various holdings, their original investment theses, how they played out and ultimately, what they learned that they can use to drive future investments in the Fund. In their analysis of the winners and losers in the portfolio, David and Felix uncover two key themes - having cash on hand during firesales a...
2018-07-0637 minPenderFundDoublecheck the PostscriptOn June 28, 2018, the Pender Value Fund turned five. In this second of three part series, David Barr and Felix Narhi, co-managers of the Fund, discuss fundamental questions relating to what value investing means, and how this concept has evolved over time. Technology has played a key role in improving and driving change in investing, while also impacting more and more industries in subtle but significant ways and necessitating change over time. David and Felix reflect on the growth of the Pender investment team from two to eight and how expanding the circle of competence has contributed to the Fund's a...
2018-07-0629 minPenderFundLove at First ReadOn June 28, 2018, the Pender Value Fund turned five. In this first of three part series, David Barr and Felix Narhi, co-managers of the Fund, go way back to explore their investing roots, discussing how they got into investing in the first place, the forces that influenced them early in their careers, some failures and the lessons learned along the way. They delve into how their investment strategies have evolved as a result of the knowledge they have accumulated over time, and why this learning is crucial to ensuring future success as well. David and Felix also have some insights ab...
2018-07-0225 min
Your Next ChapterEP 016 – Investment Strategies with a Stock Market ExpertWho is my guest for this episode?On episode 16 I have Dave Barr, the CEO of PenderFund Capital, as my guest. Dave is the co-chief investment officer at Pender and manages 4 investment portfolios. He was awarded the Lipper Award for best Small Cap Fund in Canada in 2015.
Why did I bring Dave onto the show?
I brought Dave onto to the show because I had the pleasure of working with him for 2 years prior to launching this podcast. In the two years I worked at PenderFund Capital, Dave instilled a lot of knowledge to me a...
2016-06-0600 min