Associate Portfolio Manager

PenderFund Capital Management Ltd (“Pender”) is an independent, employee-owned, value-based investment firm founded in 2003. We are one of the fastest growing investment firms in Canada, and our goal is to be the first choice for investors looking to protect and grow their capital. We have grown from a couple of people with a passion for investing into a diverse and inclusive workplace of over 70 people by seeking out and hiring the most qualified, talented and experienced people.

We are seeking an Associate Portfolio Manager to assist in investment research activities for the Pender Alternative Absolute Return Fund.  From a base in credit markets, the fund is a flexible mandate that can invest across capital structures, taking both long and short positions to isolate market inefficiencies and hedge unwanted risks.  The fund is focused on liquid North American capital markets.  Based in Vancouver, the position will be hybrid with a mix of office and remote work. The successful candidate will be an integral part of the success of this new and growing fund, identifying investment opportunities as well as contributing to regular portfolio maintenance and fund reporting requirements.

Responsibilities will include:

• Monitor North American markets for capital market opportunities, generate actionable trade ideas.
• Write detailed research reports to support investment recommendations.
• Proactively monitor portfolio positions for macro and micro risks, interacting with sell side research analysts and company management teams.
• Active collaboration with the broader investment team at Pender.
• Assist in the production of portfolio reports.

Qualifications and experience:

• Passionate about investing and markets.
• At least 5 years experience in an active risk-taking investment role with a proven ability to add value.
• Strong attention to detail, ability to prioritize and work within time constraints.
• Excellent written and verbal communication skills.
• Ability to work independently while also being a team player.

Considered an asset:

• Post graduate education in a related discipline.
• Successful completion the CFA program.

What’s in it for you?

• Great compensation (competitive base and bonus with the opportunity for employee share ownership plus a benefits package).
• Opportunities for ongoing professional development and career advancement.
• You can work from home or the office or a combination of both, collaborating with a talented and growing team.

We believe in fostering transparency and providing comprehensive information to potential applications. We are sharing that the estimated salary range for this position is $125,000 - $160,000 per year. In determining final salary, Pender considers many factors including the candidate’s qualifications, relevant experience, job responsibilities, market conditions, position location and internal equity. Our aim is to ensure fair compensation practices that align with industry standards while acknowledging the unique value and expertise each individual brings to the role. The final base salary for the offer will be at the Company’s sole discretion and presented as part of a competitive compensation package.

Our commitment to equity, diversity and inclusion: Pender is committed to creating and maintaining a workplace that recognizes and values differences.  It is a core principle at Pender that an equitable, diverse and inclusive workplace simply makes us better. A diverse team with a range of knowledge and experience makes better decisions, which means better results for our stakeholders. We do not discriminate on any basis and welcome applications from all qualified individuals. When selecting candidates for employment, promotion, training or any other benefits, it is on the basis of aptitude and ability. Should you require any accommodation or have questions, please let us know.