Prospector Partners, LLC

Prospector Partners is an SEC-registered investment adviser that primarily manages pooled and institutional assets and acts as investment manager to several private funds (Prospector Partners Fund, Small Cap Fund, Turtle Fund, and Summit Fund). The firm also provides discretionary portfolio management and sub‑advisory services to other financial institutions and serves institutional clients that include insurance companies and a registered investment company, with an affiliated adviser (PPAM) advising Managed Portfolio Series funds.

The firm’s investment approach is bottom-up fundamental value analysis with an emphasis on balance-sheet strength, cash flow analysis, private-market valuation and identifying catalysts to improve performance. It implements strategies across equity long-only, long/short and market-neutral mandates, with a pronounced focus on the financial services sector and the insurance industry, and uses systematic trade allocation and compliance oversight for potential conflicts.

Compared with many peers, Prospector’s business combines management of private pooled vehicles with portfolio management for investment companies and explicit institutional relationships with insurance-sector clients, which is less common among investment managers of its type. The firm’s use of side‑by‑side management, performance-based compensation for certain funds, formal allocation policies reviewed by the Chief Compliance Officer, and proxy-voting procedures (including use of ISS) are operational features that distinguish its setup from many similarly sized firms.