The Globe and Mail reports in its Tuesday edition that takeover potential is often on David Barr's mind when he goes bargain-hunting for stocks to fill his Pender Small Cap Opportunities Fund. In a Globe special, Shirley Won quotes the president of Vancouver's PenderFund Capital as saying, "We try to find businesses that we know and understand." Nearly half of Mr. Barr's $160-million Canadian small-cap fund is in technology names, such as Sandvine, Terago and Absolute Software. "I spent the first eight years of my career looking exclusively at technology and life sciences businesses, so I have built out a large network in the space," Mr. Barr said. Born in Montreal and raised in Prince George, B.C., he earned an MBA from York University's Schulich School of Business. Mr. Barr oversees Pender Growth. The small-cap fund, which he has run since 2009, has enjoyed robust returns. Over the five years ending March 31, it has posted an average annual return of 22.8 per cent after charging a 2.5-per-cent fee for the Class A units. It also won Lipper Fund awards in 2015 and 2016 for generating strong returns with lower risk than peers in the Canadian small-cap space. Mr. Barr follows Warren Buffet's value style.