Zimmer’s Energy Fund Down 55% This Year After March Plunge
- Oil price war drove $500 million fund to 46% loss in March
- Firm’s larger utility fund has held up better in the sell-off
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The energy fund at Zimmer Partners posted its worst quarter ever after sinking about 46% in March as oil markets plunged.
The fund dropped 55% in the first quarter after losing money each month, according to an investor letter seen by Bloomberg. The fund, which ran $1 billion at the end of January, now has about $500 million in assets.