Prentice Capital Benefits From “15 Million New Robinhood Accounts”

Michael Zimmerman’s Prentice Capital returned 3% in June, taking its year-to-date performance to 18.6% net of fees and expenses, according to the firm’s June investor update, a copy of which ValueWalk has been able to review. Q1 2020 hedge fund letters, conferences and more Prentice Capital Benefits From “15 Million New Robinhood Accounts” Prentice employs a low net equity long/short strategy with a specific focus on the U.S. consumer sector, which has recently performed better than the wider market. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. The firm speculated…