PenderFund Capital Management, an investment management company, released its “Pender Strategic Growth and Income Fund” Q3 2024 investor letter. In September, the Federal Reserve revealed a 50-basis-point reduction to its benchmark interest rate, indicating the first decrease in borrowing costs since March 2020, as inflation begins to ease. The fund returned 7.8% in the quarter while trailing one and three year total annualized returns were 26.1% and 8.1%, respectively. In addition, you...
