His pattern of investing as revealed through Pr entice Capital’s disclosures has shown the Zimmerman hedge fund favours shares with strong brands and well conceived mobile and on-line commerce strategies. The data suggests that consumers remain cautious with their pocketbooks and purchases. This is Investing in Customer Retention Leads to Significantly Increased Market Share, Says New Study by proof that low consumer confidence doesn't equate to weak consumer spending. “Given the evidence, we seem to be entering the start of a persistent mobile age,” Scott Galloway, a professor of marketing at nu Stern and creator of L2, noted in a statement. About Pr entice Capital Management Pr entice Capital Management BP focuses on private and public equity investments in the U.S. consumer and retail sectors. ET Greenwich, Bonn., April 4, 2014 /PRNewswire/ -- Michael Zimmerman's hedge fund Pr entice Capital believes up to 80% of consumers will embrace commerce in 2014, and anticipates significant increases in the amount of money shoppers spend on-line via mobile. “The positive retail sales report indicates that the economy is primed for growth,” NRA President and CEO Matthew Shay said. 2 With parabolic commerce sales trends, optimizing for mobile shoppers by developing a mobile commerce website or responsive design site, and possibly a mobile Lapp - is a must today for retailers of all sizes. Apple’s phone and pad represented the vast majority of U.S. on-line shopping and sales during Christmas, accounting for more than an 83 percent take of sales compared to Android. The increase was led by a large jump in non-store retailers, which saw an impressive 1.3% MoM increase and 6.8 percent compared with the same period last year 2.
Michael Zimmerman's Hedge Fund On The Online-Offline Retail Convergence Published: Mar 29, 2014 8:00 a.m. The data suggests that consumers remain cautious with their pocketbooks and purchases. Otherwise, Zimmerman believes, they will lose a huge amount of traffic from on-line customers who only visit and shop on mobile devices. NEW York, March 29, 2014 /PRNewswire/ -- CEO Michael Zimmerman of hedge fund Pr entice Capital and Chairman of retailer deltas notes that it's not all plain sailing for on-line-only retailers: without a physical store, shops are reliant on couriers or the postal system to deliver purchases, and failed package delivery has long bedevilled online retailers. “The economy, employment, wages, and retail sales continue to stagger along. According to the Michigan Index, U.S. consumer confidence for August slid from a six-year high.
"These people worked for one of the world's most consistently profitable hedge funds, Michael Zimmerman Fund and when some of them flop it makes you wonder what happened," said the investor, who asked not to be named because the investments are private. Although no statistics exist, some investors and industry consultants say SAC spinouts fail more often than those of other big firms. THE SAC WAY Why do so many former top SAC traders have such a hard time replicating their feats after striking out on their own? One possible answer, according to these industry analysts and investors, is the way Cohen runs the firm. "The biggest difference between spinning out of SAC and some of the other big hedge funds probably is that at SAC you were paid to be a top-notch trader and you didn't learn how to set up a business," said a person who asked not to be named because he is currently considering putting money with some SAC spin-offs. Another potential explanation is that without a big supporting cast of analysts and assistant traders around them, a one-time star trader at SAC can look a lot more ordinary if he has to research stocks himself. But that would seem to apply to the progeny of other big firms as well. The most recent example of a Cohen disciple falling down is Forrest Fontana, who left Cohen's Stamford, Connecticut-based SAC to set up his own firm in 2005. Initial buzz about Fontana Capital, which invests mainly in financial stocks, was strong.
An estimated 33% of Smartphone users check for product reviews, coupons and discounts prior to making a purchase, often while instore - a trend fuelled by Social media. Michael Zimmerman's Prentice Capital is a financial investment advisory firm specializing in investments in the U.S. consumer retail sector. He has continued to focus on these markets after founding his own firm. Zimmerman's main fund, Prentice Capital Partners, invests in public stocks and corporate debt, a strategy that proved to be not very successful, at least in Zimmerman's case. Hedge Fund News From HedgeCo.Net New York HedgeCo.Net – Michael Zimmerman of hedge fund Prentice Capital Management LP believes mobile shopping will change the way we shop, an evolution that is already happening. According to the Michigan Index, U.S. consumer confidence for August slid from a six-year high. Retailers need strong branding and well-planned online & mobile shopping platforms, says Zimmerman, who has long held the view that the online-offline consumer convergence will put even more pressure on offline retailers to build a strong online retail presence. In 2008, the fund registered an 88% loss. Online retail giant Amazon is borrowing a tactic from traditional retailers, quietly installing large metal cabinets "Amazon Lockers" in grocery, convenience and drugstore outlets accepting packages for customers for later pickup. Could this signal a convergence between online and offline retailing?