The team at Prospector Partners continues to position our funds with large overweights in the financials sector compared with our benchmarks. While this has been a long-standing style bias within our portfolios, it is something we frequently receive questions about and worth revisiting our...Read More
The equity markets have rallied considerably since their March lows. In fact, the S&P 500 Index has rallied to such an extent (down just 11.1% year-to-date through May 14th) that it barely seems to portray an underlying U.S. economy that just had 33 million people file for unemployment benefits....Read More
Since investing throughout the financial services sector is a specialty of ours, here is an update on where things stand on an industry-by-industry basis, including where we’re seeing opportunities.
Property and Casualty Insurers
Property and casualty underwriter stocks have been harshly punished...Read More
As value investors, one of the reasons we love investing in financials is because it has become an unloved segment of the market. Observe the following graph, which shows how the financial sector has shrank as an overall piece of the S&P 500 Index since the Global Financial Crisis:Read More
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