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Parul Garg is Associate Portfolio Manager at PenderFund Capital Management and Pender’s specialist in stressed and distressed credit investing. Since joining the Lipper award-winning1 Pender Corporate Bond Fund portfolio management team in 2015, Parul has quarterbacked numerous successful workouts with stressed and distressed investments. With a track record of value creation in these credits, Pender has launched the Pender Credit Opportunities Fund, a standalone, limited partnership fund for accredited investors, with Parul leading portfolio management along with Geoff Castle.
Parul started her career as a Software Engineer for Accenture plc., from 2007-2009. Her focus area was on projects in the financial domain where she got her first exposure to capital markets. In 2009 she moved to Future First, a private investment firm in India, working as a Fixed Income Derivative Analyst. In 2013 she joined MCX Stock Exchange in India, working as a Product Developer with the Business Development Team for the Fixed Income Markets. She moved to Vancouver in 2014 to start her MBA.
Parul is a seasoned investment professional known for her meticulous evaluation and strong focus on risk mitigation. She conducts thorough assessments of company value, credit risk and liquidation value, tailoring her analysis to the unique risks of each credit investment. An advocate of objective analysis, she utilizes risk measurement systems derived from market trends and fundamental analysis. Parul prioritizes rigorous risk assessment, employing a comprehensive 13-point checklist during due diligence to deeply understand investment risks. Once an investment is secured, she actively manages the portfolio, strategically rotating holdings to optimize performance and “crystallize winners.” Her proactive approach, combined with thorough due diligence and proactive credit risk management, has led to a strong track record in the Pender Corporate Bond Fund, particularly in the stressed or distressed category.
Parul has a Bachelors of Technology in Civil Engineering from NIT Surat in India, a Masters of Business Administration from the Beedie School of Business at Simon Fraser University. In 2022 Parul attended the highly regarded Distressed Asset Investing & Corporate Restructuring program at the prestigious Wharton School, University of Pennsylvania.
Parul also sits on the Steering Committee for the Vancouver chapter of Women in Capital Markets.
You can read more about the Pender Credit Opportunities Fund here, the Pender Corporate Bond Fund here and listen to her podcasts here.
1. Refinitiv Lipper Fund Awards, Canada, 2018 Winner, Pender Corporate Bond Fund, Best High-Yield Fixed-Income Fund Over Three Years and Refinitiv Lipper Fund Awards, Canada, 2019 Winner, Pender Corporate Bond Fund, Best High-Yield Fixed-Income Fund Over Three Years. More Award Information.
By Parul Garg (Published on 09-13-2023)
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