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.

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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.

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The firm speculated in its June investor update that some of this performance could be down to the "15 million new Robinhood accounts"...