Zimmer bucks trend in decade of low hedge fund returns

How do you make double-digit returns on utilities without predicting the oil price? Zimmer Partners discusses its strategy

"It's 436, we haven't sold any on scale! We sold about 243 on the dams!"

"Just sell 25,000 a penny," Stuart Zimmer orders back. Three different traders have come into his office, bawling barely comprehensible sentences back and forth, since the interview with the chief executive began.

"It's the busiest news day in the year so far," one utility trader says, half-sweating.

"Do you always give out this award during earnings season?" Zimmer asks, as the temperature in the glass-walled New York