Banks are on pace for their biggest year of M&A activity, in terms of dollar volume since the financial crisis, confirming one of our investment theses for the industry. And we expect the spate of deals to continue, as several factors drive consolidation among small- and mid-sized banks.
As the...
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Real estate developer China Evergrande has been a source of volatility in recent weeks, as the market gauges the economic fallout if the company defaults on its debt and the government doesn’t step in to help the struggling firm.
Like any investor, we hope the company’s problems are not a source of...
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Stocks recovered quickly from initial fears about COVD-19 and have continued to climb higher for the better part of the last year and a half. But volatile moments such as last week, when the S&P 500 registered its largest intra-day decline since January, serve as a reminder that a strategy’s...
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It’s hard to have conviction in a company’s direction without thorough knowledge of the people steering the ship. As such, we place a high priority on getting to know management teams before we invest with companies.
While much of what we learn from key executives comes from the hundreds of calls...
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Despite a rapid economic recovery, interest rates have stayed persistently low, and a market consensus has emerged that they will stay that way. But investors may be overlooking the outsized impact Fed asset purchases have had on rates, and what that could mean for the future.
As the chart below...
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Transitory. Anyone following the markets recently has heard the word bandied about ad nauseam, and the question of whether inflation would serve to be temporary (transitory) or more permanent has often driven the daily movements of the market.
As the debate over “transitory or not” has heated up,...
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Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, in which they shared their views on markets, inflation, and their approach to...
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On May 25, Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, in which they shared their views on markets, inflation and value...
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On May 25, Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) recently conducted a video conference call with Stacy Havener, Founder & CEO of Havener Capital Partners, in which they shared their views on markets, inflation and value...
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At Prospector Partners, our investment team focuses on a clear objective: maximizing risk adjusted performance while always considering the potential downside first. We are also cognizant of the fact that different clients have differing needs, and objectives, and thus will choose to compare...
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