Prentice moves to single fee and lockup structure

Fri Apr 27, 2007

Michael Zimmerman's $2.1 billion consumer and retail stock-focused Prentice Capital Management has eliminated its two-tier lockup and fee arrangement, moving all investors to a two-year lockup and standard fees of 2% of assets and 20% of profits, with quarterly liquidity.

The changes will be effective immediately for prospective investors; existing investors will see their...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI