Felix Narhi is the Chief Investment Officer of Pender and the Portfolio Manager of the Pender US All Cap Equity Fund and the Pender Strategic Growth and Income Fund, and Co-Manager of the Pender Value Fund.

The Pender Value Fund has received Fundata’s FundGrade® A+ Award in 2016 and 2017. This award recognizes funds that have maintained “an exceptional performance rating over the entire previous calendar year”.

Prior to joining Pender in July 2013, Felix spent over nine years at an independent and value-oriented investment firm in Vancouver. As a Director and Senior Equity Analyst, he contributed thought leadership and primarily US equity ideas to the company’s Model Portfolio, a concentrated equity portfolio that has outpaced North American benchmarks since its inception in 1994.

Felix holds a Bachelor of Commerce degree from the University of British Columbia. He earned his Chartered Financial Analyst (CFA) designation in 2003 and is a member of CFA Vancouver.

Felix advocates a business-like approach to investing. Sound investing is the process of determining the value underlying a security and then buying it at a considerable discount to that value. The greatest challenge is to maintain the necessary balance between patience, emotional fortitude and discipline to only buy when prices are attractive and to sell when they are dear, while avoiding the short-term “noise” that consumes most market participants.

Articles

The uses of ‘volatility’

By Felix Narhi (Published on 02-02-2023)

The very strange ‘Year That Was’

By Felix Narhi (Published on 12-16-2022)

The patience premium

By Felix Narhi (Published on 11-15-2022)

It’s scary taking the road less travelled

By Felix Narhi (Published on 10-21-2022)

Overcoming investment ‘range anxiety’

By Felix Narhi (Published on 09-02-2022)

Bitcoin as “frontier investing”

By Felix Narhi (Published on 01-18-2021)

Should you stay or should you go?

By Felix Narhi (Published on 01-04-2021)

Adapting to the age of disruption

By Felix Narhi (Published on 10-12-2020)

Transformers: the rise of the tech giants

By Felix Narhi (Published on 10-05-2020)

Where PenderFund is looking for opportunity now

By Felix Narhi (Published on 04-21-2020)

Factoring uncertainty

By Felix Narhi (Published on 04-07-2020)

Strategies for a market meltdown

By Felix Narhi (Published on 03-10-2020)

Opportunity and danger in China investments, part 2

By Felix Narhi (Published on 12-17-2019)

Opportunity and danger in China investments

By Felix Narhi (Published on 12-10-2019)

Global bonds enter another dimension

By Felix Narhi (Published on 10-12-2019)

Five strategies to replace old investing models

By Felix Narhi (Published on 07-16-2019)

Why old mental models for investing no longer work

By Felix Narhi (Published on 07-01-2019)

Adapting in the age of disruption

By Felix Narhi (Published on 04-04-2019)

The new year: strategies for a volatile market

By Felix Narhi (Published on 01-02-2019)

The future is already here

By Felix Narhi (Published on 10-15-2018)

The four most dangerous words in investing

By Felix Narhi (Published on 10-04-2018)

How a pizza joint became a tech giant

By Felix Narhi (Published on 09-27-2018)