(Bloomberg) Two hedge funds run by $1.7 billion energy-focused Zimmer Partners posted declines in September, leaving the largest pool at risk of recording its first annual drop. The $1.2 billion ZP Utility Fund, which makes long and short bets on the equities of U.S.-based energy companies, declined 8 percent in last month, bringing returns for the year to minus 6 percent, according to an investor document obtained by Bloomberg. The fund faces the first yearly drop.
Hedge Fund Run by Zimmer Faces its First Annual Loss
This entry was posted in Syndicated. Bookmark the permalink.