Pender Podcast PM Series: Catalysts Over Consensus, A Framework for Special Situations Investing

Identifying specific, evidence-backed catalysts that can unlock value

In this episode of the Pender Podcast PM Series, host Laura Baker sits down with Amar Pandya, Portfolio Manager of the Pender Alternative Special Situations Fund, to unpack what makes special situations investing distinct from traditional stock picking. They discuss why market inefficiency persists in small and mid cap companies, how to distinguish a genuine catalyst from a compelling narrative, and the four buckets Amar uses to categorize special situations opportunities across the portfolio.