A question we’re often asked is how, given our consistent focus on the financial sector, we've historically been able to achieve differentiated returns during periods of acute stress in the banking system. There are several factors behind our track record, all of which are a product of our...
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We are firm believers at Prospector that active management should not begin with a benchmark. Our bottom-up approach to portfolio construction and our focus on areas of the market where we possess competitive advantages generally produce stock and sector allocations in our portfolios that differ...
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This blog post was originally published 6/2020 and was updated 8/2024.
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...
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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....
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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 underwriter stocks have been harshly punished...
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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:
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