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...

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