Black Diamond Energy: Spectra Energy Similar To KMI In 2015

Carlson Capital's Black Diamond Energy on the oil sector and energy plays

Clint Carlson’s multi-billion Carlson Capital Black Diamond Energy Long/Short fund generated a return of 2.14% for clients net of fees during the second quarter, bringing year-to-date returns to 4.49%. The fund was up 7.7% prior to August but volatility around the OPEC Algiers meeting curbed gains for the year, that’s according to the fund’s quarterly letter, a copy of which has been reviewed by ValueWalk.

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September was a bad month all over for the Black Diamond Energy fund. Two key short positions moved in the wrong direction, costing 2.01%. One short...