Prentice Capital Management was up 6.6% for the first four months of the year, compared to the S&P 500’s 9.3% decline and the Russell 2000’s 21.1% decline. The HFRX Equity Hedge Index was down 9.4% for the quarter. Q1 2020 hedge fund letters, conferences and more Gross and net exposures In his first-quarter letter to investors, which was reviewed by ValueWalk, Michael Zimmerman of Prentice Capital said both their long and short books were profitable. He said their long book had a 3% gross attribution on the portfolio, while their short book contributed 7.6% to their gross performance. He also…
This fund run by a SAC Capital alum bought restaurant stocks amid the pandemic
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.