Concerned about richly priced growth stocks, a return of inflation and the lack of yield available in the bond market? Our new whitepaper explores how value stocks can provide solutions.

On a daily basis, investors are exposed to a lot of numbers and a lot of information. But it should be known that portfolio evaluation goes beyond just the stats. Behind every portfolio is a person with a story. How did they get to where they are today? What was the path they took to join the firm Today, we invite you to join us as we look beyond the portfolio and listen to the story of Jason “Jay” Kish (CPA, CFA), Portfolio Manager and Analyst at Prospector Partners.

November 2020 – In this video conference call, Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) and Stacy Havener, Founder & CEO of Havener Capital Partners, discuss the state of the markets, their outlook for 2021 as well as an array of topics including:

– Firm update and year-to-date relative performance 

– Positioning changes to the portfolios

– Bull and bear cases for 2021

– Whether the Fed’s actions could lead to inflation

– ETFs’ exposure to the good, the bad and the ugly

To access the call replay, please click below.

(Call recorded on November 18, 2020 @ 1pm ET)

For standardized performance, click: POPFX and PCAFX.

Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value will fluctuate, and when sold, may be worth more or less than their original cost. Performance current to the most recent month-end may be lower or higher than the performance quoted and can be obtained for POPFX and PCAFX by calling 877-734-7862.

Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Funds nor any of its representatives may give legal or tax advice.  References to other products and services are not an offer to sell those products.

Prospector Partners, LLC, Quasar Distributors, LLC and Foreside Financial are not affiliated with Havener Capital Partners. 

Diversification does not assure a profit nor protect against loss in a declining market.

Fund holdings and sector allocations are subject to change and should not be considered recommendation to buy or sell any security. [Click here for top ten holdings for PCAFX and POPFX]  

References to price deciles describe the companies in the S&P 500 Index.

References to “twos and tens” describe the two year and ten-year Treasury yields

Russell 1000 Value Index measures the performance of the large cap value segment of the US equity universe. It includes those Russell 1000® companies with lower price-to-book ratios and lower expected growth values.

Russell 3000 Value measures the performance of the broad value segment of the US equity value universe. It includes those Russell 3000® companies with lower price-to-book ratios and lower forecasted growth values.

S&P 500 Value Index measures the performance of the large-capitalization value sector in the U.S. equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics.

Russell 1000 Growth Index measures the performance of the large cap growth segment of the US equity universe. It includes those Russell 1000® companies with higher price-to-book ratios and higher forecasted growth values.

S&P 500 Growth Index measures the investment return of large-capitalization growth stocks 

KBW Bank Index (BKK) tracks the stock prices of prominent banking companies in an attempt to be a bellwether for banking industry watchers.

Price to trailing operating earnings is a company’s current share price of a stock divided by its earnings per share.

Price to sales is calculated by dividing a stock’s current price by its sales per share over the trailing 12 months.

Basis point is a unit of measure used in quoting yields, changes in yields or differences between yields. One basis point is equal to 0.01%, or one one-hundredth of a percent of yield and 100 basis points equals 1%.

Prospector Partners Portfolio Manager Kevin O’Brien, CFA, and Havener Capital Partners Founder & CEO Stacy Havener recorded a podcast in which Kevin elaborates on his backstory as an analyst and co-portfolio manager of a flagship Neuberger Berman mutual fund, among many other topics.

Nervous about market volatility and thinking of ways to mitigate downside risk? Learn more about Prospector’s approach, which focuses on the potential downside first.

The benchmark S&P 500 continued its charge higher during the third quarter, despite significant

increases in COVID-19 cases and certain states such as Florida, Texas, Arizona and California seeing

major outbreaks.

Interested in why Prospector focuses on the potential downside first? We’d be happy to coordinate a call between you and a portfolio manager.

Insurance is something everyone uses but few people think of as a strong investment opportunity. In this whitepaper we illustrate the key differences and pros/cons of every insurance segment we invest in.

We now know second-quarter GDP contracted over 30%. In retrospect, the sharp rally in equities that took place seems incredible. In our Q2 commentary we look at what has been driving the markets and offer our outlook for the rest of 2020.

Prospector Partners Founder and Portfolio Manager John Gillespie learned some valuable lessons in the process of starting his own asset management firm. Many of those lessons revolved around building a strong team, culture and incentive structure, but these ideas also gave him a new perspective when it came to analyzing other companies as potential investment candidates.

In this third podcast, Mr. Gillespie sits down with Havener Capital Partners founder Stacy Havener to talk more about his entrepreneurial journey and some surprises he faced along the way.

This includes details on:

• Building and maintaining a winning culture
• Incentivizing and retaining high-caliber employees
• Advice for other entrepreneurs
• A bonus Q&A involving a classic rock band and Prospector’s investment approach

Intrigued?  

Click below to listen to the podcast: Entrepreneurship, Firm Culture and a Winning Team with John Gillespie or read the transcript below. (Previously Recorded in January 2020).