Steve Cohen Alum Expects Market Rally To Fade In H2

Long/short equity manager Prentice Capital is having a healthy 2020. According to a copy of the firm’s May investor update, which ValueWalk has been able to review, the fund returned 7.8% net for the month of May. Following this performance, the fund is up 15.1% net year-to-date. Q1 2020 hedge fund letters, conferences and more Founded by portfolio manager Michael Zimmerman, formerly of S.A.C. Capital and Omega Advisors, Prentice seeks to produce strong risk-adjusted returns with little or no correlation to equity markets. It focuses on the US consumer sector. If you’re looking for value stocks, and exclusive access to…