Sub-Advisor: Prospector Partners, LLC
Prospector Partners (Prospector) is a Connecticut-based long/short equity investment management company founded in 1997 with approximately $780 million in assets under management. A significant portion of that capital is internal funds invested alongside the manager's clients. While LSOFX was established in 2010, the investment team at Prospector has been the sub-advisor of the fund since 2015 and has been operating a traditional long/short equity hedge fund with a substantially similar investment objective since 1997.
Prospector incorporates the skills and expertise among 14 professionals between investing, trading, operations and compliance. Overall, Prospector Partners' three Portfolio Managers have a combined 75+ years of financial industry experience, 50+ years of experience at Prospector Partners, and a 21-year track record through various market cycles.
John D. Gillespie
Mr. Gillespie is a portfolio manager of the LS Opportunity Fund (LSOFX). Mr. Gillespie has been the managing member of Prospector Partners since 1997 and the managing member of Prospector Partners Asset Management, LLC (“PPAM”), the Advisor to Prospector Funds, Inc. since 2007. He also serves as Chairman and President of Prospector Funds, Inc., a registered investment company. Mr. Gillespie has been a portfolio manager and securities analyst for more than twenty-five years. In addition, from 2002 to 2005, Mr. Gillespie served as non-executive Deputy Chairman of White Mountains Insurance Group, Ltd. (“White Mountains”), Chairman and President of White Mountains Advisors (known as OneBeacon Asset Management, Inc. prior to March 2003), the registered investment advisory subsidiary of White Mountains, and as an officer of various other subsidiaries of White Mountains. From 1986 through 1997, Mr. Gillespie was an employee of T. Rowe Price Associates, Inc. where he began as an investment analyst (1986-1987), served as an Assistant Vice President (1987-1988) and Vice President (1988-1997). At the end of Mr. Gillespie’s tenure at T. Rowe Price, Mr. Gillespie’s responsibilities included the management of assets of institutional investors, mutual funds and closed-end investment companies. Specifically, Mr. Gillespie was the chairman of the investment committee of the T. Rowe Price Growth Stock Fund from 1994 to April 30, 1996, and president of the New Age Media Fund from October 1993 until July 1997. From 1980 through 1984, Mr. Gillespie was a Senior Financial Analyst at Geico Corporation. Mr. Gillespie received a B.A. cum laude from Bates College in 1980 and an M.B.A. from Stanford University Graduate School of Business in 1986. In addition, Mr. Gillespie serves on the Board of Trustees of Bates College and Pomfret School.
Kevin R. O'Brien
Mr. O’Brien has also been a portfolio manager at Prospector Partners since 2003 and Prospector Partners Asset Management, LLC (“PPAM”) since 2007. He also serves as Executive Vice President of Prospector Funds, Inc. Mr. O’Brien has been a portfolio manager or securities analyst for more than twenty years. In addition, from April 2003 through August 2005, Mr. O’Brien served as a Managing Director of White Mountains Advisors, LLC. From April 1996 through April 2003, Mr. O’Brien was an employee of Neuberger Berman, where he began as an investment analyst (1996-1999), served as Vice President (1999-2001), and Managing Director (2001-2003). Mr. O’Brien was responsible for following stocks in the financial services, consumer, and technology sectors. From 1991 through 1996, Mr. O’Brien was an employee of Alex, Brown & Sons, where he was an analyst following the financial services industry. His coverage universe included property-casualty insurance, specialty finance, asset management, and diversified financial services. Mr. O’Brien received a B.S. magna cum laude from Central Connecticut State University in 1986. Additionally, Mr. O’Brien received a Chartered Financial Analyst designation in 1995.
Jason A. Kish
Mr. Kish is a portfolio manager of the LS Opportunity Fund (LSOFX). Mr. joined Prospector Partners in December 1997. He also serves as a portfolio manager of Prospector Partners Asset Management, LLC (“PPAM”) and as an Executive Vice President of Prospector Funds, Inc. since 2013. He began as a junior analyst, covering all industries, eventually serving as the property-casualty analyst and became the Director of Research in 2010. From 1995 to 1997, Mr. Kish worked as an auditor at Coopers & Lybrand, LLP in Hartford, CT. Mr. Kish received a B.S.B.A. from Providence College in 1995. He received his Certified Public Accountant designation in 2000 and his Chartered Financial Analyst designation in 2004.
Sub-Advisor's Organizational Structure
Investment in shares of a long/short equity fund have the potential for significant risk and volatility. A short equity strategy can diminish returns in a rising market as well as having the potential for unlimited losses. These types of funds typically have a high portfolio turnover that could increase transaction costs and cause short-term capital gains to be realized.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling (877) 336-6763. The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Fund is distributed by Unified Financial Securities, LLC, 9465 Counselor's Row, Suite 200, Indianapolis, IN 46240. (Member FINRA)
Diversification does not ensure a profit or guarantee against loss.
Long Short Advisors is registered as an investment adviser with the Securities and Exchange Commission.
Information contained on this website does not constitute an offer to sell, or a solicitation of an offer to buy shares of the Fund, nor shall any shares be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.
This site also is not intended to provide specific individual advice including, without limitation, investment, financial, legal, accounting, or tax advice.