Since announcing our investment in August, Third Point has called for changes at Sothebys (NYSE:BID) that the Company has consistently implemented. These actions have shown that the incumbent Board and management are reactive rather than visionary and that shareholders’ voices are required in the Boardroom.
Michael Zimmerman’s Prentice Capital is having a strong year
Prentice Capital was up 15.3% net last month, bringing its year-to-date gain to 49.4% net. Prentice touted its ability to preserve capital during market downturns like the first quarter of this year and the fourth quarter of 2018. Q3 2020 hedge fund letters, conferences and more Background of Prentice Capital The fund utilizes a low Read More