Prentice Capital was up 3% net in December, bringing its full-year return to 53.6% net for 2020. In their December email to investors, which was reviewed by ValueWalk, the Prentice team noted that they have protected capital during recent down markets.
Q3 2020 hedge fund letters, conferences and more
Things are looking up
They also noted that the market ended 2020 strong. The S&P 50 was up 3.71%, while other indices also gained. Fears about the Georgia Senate runoff, the possibility of disruption from President Donald Trump, and spiking virus numbers didn't impact the market's climb.
The Prentice team noted that the consumer has been resilient and had money to spend on...
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