Purpose Select Equity Fund to shift to PenderFund as sub-advisor in May, no strategy changes
PenderFund Capital Management Ltd. has appointed Greg Taylor, as its chief investment officer effective immediately.
Taylor joins the firm with more than two decades of investment experience, most recently serving as CIO and portfolio manager at a Toronto-based asset management firm since 2017.
Before that, Taylor was senior portfolio manager at LOGiQ Asset Management and Front Street Capital, having begun his career in 1999 at Aurion Capital, where he managed pension and mutual fund assets.
During his tenure at his previous firm, Taylor contributed to the firm’s asset growth from $3bn to more than $24bn.
As CIO at Pender, Taylor will lead the investment team, manage portfolios, and oversee investment risk management.
According to David Barr, CEO and Portfolio Manager at Pender, “We are excited to welcome [Taylor] to the team.”
Barr said Taylor's investment expertise and leadership experience would contribute to the firm's investment functions and aligned with its long-term philosophy.
Taylor expressed interest in Pender’s investment-led culture and said he looks forward to collaborating with the investment team across its multi-asset class platform to pursue better-than-beta returns.
As part of the transition, Pender will become the sub-advisor of the Purpose Select Equity Fund, which Taylor has managed since its launch in February 2006.
The change is expected to take effect on or about May 20. No changes will be made to the Fund’s investment objectives or strategies.
Taylor’s appointment follows the departure of Felix Narhi, who served as CIO at Pender from April 2016 (Co-CIO until April 2017).
He stepped down from the CIO role in June 2024 to return to investing, which the firm says will support its equity portfolios through ongoing research and new “best ideas.”
