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Geoff Castle

Geoff Castle

Geoff Castle is the Lead Portfolio Manager of PenderFund Capital Management Fixed Income Portfolios.

Geoff’s experience as a professional investor spans two decades. His area of expertise is in fundamental business analysis and valuation. As a fixed-income manager, Geoff’s focus has been on seeking enhanced yield or price appreciation opportunities in situations where substantial margins of safety exist. In both 2018 and 2019 the Pender Corporate Bond Fund was recognized with a Lipper Fund Award, which is awarded for superior risk-adjusted returns. 

Geoff’s philosophy in the current low yield environment involves controlling risk through careful consideration of credit duration and fixed charge coverage, and the fair valuation of each security class on an as-liquidated basis. Geoff also has been an active proponent of the use of objective, market- and fundamentals-derived risk measurement systems, which he believes are more useful than agency credit ratings.

Geoff began his investing career in 2000 and has experience in both public mutual funds and proprietary investment fund management for ultra-high net worth individuals. From 2000 to 2007 Geoff was a senior analyst and co-manager at Burlington-based AIC Ltd. His experience in credit analysis began with experience gained at Vancouver-based Powerex Corp. where he focused on evaluating the creditworthiness of counterparties in the North American energy industry and was active in reviewing credit provisions of high value, long-term custom energy trading contracts. Before joining Pender in 2015, he spent four years at the family office of a Vancouver-based high net worth individual where he managed fixed-income and equity investments.

Geoff holds a Bachelor of Arts degree from UBC (1989) and a Master of Business Administration from the Richard Ivey School of Business at the University of Western Ontario (1996). In 1996 he joined global top-tier strategy consulting firm, Bain & Co., where he spent four years advising clients on issues relating to mergers and acquisitions, strategic cost analysis, and capital expenditure optimization. He is a member of the CFA Institute.

Articles

Lots of ways to win in bond market

By Geoff Castle (Published on 06-06-2024)

A Christmas gift for bond investors

By Geoff Castle (Published on 12-13-2023)

Bond strategy for cooling inflation

By Geoff Castle (Published on 11-10-2023)

Looking for mispriced assets

By Geoff Castle (Published on 08-10-2023)

Scouring the market for bond value

By Geoff Castle (Published on 07-12-2023)

Fixed-income investing in a ‘no-textbook’ market

By Geoff Castle (Published on 05-10-2023)

Faceoff: real estate vs. bonds

By Geoff Castle (Published on 03-29-2023)

Higher rates mean lower asset valuations

By Geoff Castle (Published on 01-20-2023)

Has the great white shark left the area?

By Geoff Castle (Published on 09-30-2022)

Is your fund manager exercising bond sense?

By Geoff Castle (Published on 08-16-2022)

Half-time break from the grind

By Geoff Castle (Published on 07-13-2022)

Criteria for finding sleep-at-night bond holdings

By Geoff Castle (Published on 06-15-2022)

What’s in store for fixed income?

By Geoff Castle (Published on 05-18-2022)

The formula for fixed-income safety

By Geoff Castle (Published on 04-20-2022)

Don’t fight the Fed!

By Geoff Castle (Published on 02-22-2022)

There is a tide in the affairs of markets

By Geoff Castle (Published on 12-21-2021)

Eight investing words to live by

By Geoff Castle (Published on 10-19-2021)

The (yield) desert song

By Geoff Castle (Published on 08-25-2021)

Bond strategy: may the odds be ever in your favor

By Geoff Castle (Published on 07-22-2021)

Six mistakes bond investors make

By Geoff Castle (Published on 06-23-2021)

A study in scarlet: examining bond duration

By Geoff Castle (Published on 04-21-2021)

The shipping news

By Geoff Castle (Published on 03-04-2021)

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