Felix Narhi joins Pender

VANCOUVER, July 2, 2013 /CNW/ - PenderFund Capital Management Ltd ("Pender") is pleased to announce the appointment of Felix Narhi, CFA, to Pender's Investment Management Team.

Mr. Narhi joins Pender as Portfolio Manager* of the newly launched Pender US All Cap Equity Fund. His mandate also includes working alongside David Barr, Pender's Chief Investment Officer, in setting the direction of Pender's overall investment strategy.

Mr. Narhi brings over 14 years of experience in equity analysis to Pender. For the last nine years, he has been at the independent and value-oriented investment firm, Odlum Brown Ltd. As a Director and Senior Equity Analyst, he contributed thought leadership and investment ideas to the Odlum Brown Model Portfolio.

"We are delighted to welcome Felix to our investment management team," said Kelly Edmison, President of Pender. "Felix fits perfectly into our independent value-based investment philosophy and will compliment Dave Barr in building Pender into a leading fund management company."

"I am delighted to join Pender at this exciting stage of the firm's development," said Mr. Narhi. "In an industry where conventional wisdom is often long on 'convention' and short on 'wisdom', Pender goes long on 'wisdom' to achieve its goal of great results for its investors. I have known Dave Barr for almost a decade as a very capable investor and a man of high integrity. When he approached me with his long-term vision to build Pender into a broader-based value-oriented investment firm right here in Vancouver, I knew it was both a great fit and an opportunity I could not pass up. I look forward to helping Pender continue to achieve its goal of great investment results and grow to the next level."

On behalf of:

PenderFund Capital Management Ltd.,

"David Barr"

Chief Investment Officer

*Subject to regulatory approval.

SOURCE: PenderFund Capital Management Ltd.

For further information:

David Barr
(604) 688-1511
Toll Free: 1 866 377-4743


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