Biography
Parul Garg is Pender’s stressed and distressed credit investing specialist. Since joining the Lipper award-winning Pender Corporate Bond Fund portfolio management team in 2015, Garg 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 stand-alone, limited partnership fund for accredited investors, with Garg leading portfolio management along with Geoff Castle. Garg started her career as a software engineer for Accenture, from 2007 to 2009. Her focus area was on projects in the financial domain where she received 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. Garg has a bachelor's of technology in civil engineering from NIT Surat in India MBA from the Beedie School of Business at Simon Fraser University. In 2022, Garg attended the Distressed Asset Investing & Corporate Restructuring program at the Wharton School, University of Pennsylvania.
The current environment may be the best that credit investors have seen in at least a generation.
As Warren Buffett said, “You only find out who is swimming naked when the tide goes out.” Well, the tide is going out and as businesses refinance at higher rates, default rates and distressed exchanges are likely to increase.