VANCOUVER, April 4, 2016 /CNW/ - PenderFund Capital Management Ltd. ("Pender") is pleased to announce that David Barr has been appointed President and Chief Executive Officer and Kelly Edmison, the former CEO, has been appointed Chairman.
This is the culmination of a three year succession plan which has seen a number of individuals within the company advance to more senior roles. The final part of the plan is the logical progression of Mr. Barr, taking over the President and CEO titles from Kelly Edmison, who will remain as a partner and Chairman of Pender. "Dave has been leading the business for a number of years, so it makes complete sense for him to become President and CEO. Having Pender led by a professional investor safeguards our unitholders and the direction of our business, which has been so successful to date," said Kelly Edmison.
Mr. Barr's current role as Chief Investment Officer will be split into two, with Felix Narhi being promoted to the position of Co-Chief Investment Officer alongside Mr. Barr. "Felix is a thoughtful investor, and has made a significant contribution to the investment team as it has grown in recent years, particularly with his mentorship of our investment analysts. I value his insight and analytical approach, and am looking forward to working alongside him," said Mr. Barr.
These changes are effective immediately.
About PenderFund Capital Management Ltd.
Pender is an independent, employee-owned, value-based investment firm located in Vancouver, B.C. Our goal is to create value for our investors by generating superior risk-adjusted returns, while protecting capital and minimizing downside risk.
Pender was founded in 2003 and is the Manager of a suite of niche investment funds.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE PenderFund Capital Management Ltd.
For further information: Melanie Moore, Director of Marketing, email@example.com, Toll Free: 1-866-377-4743, www.penderfund.com