Carlson Capital Warns “Federal policy is Creating “An Environment In Which Everyone Wins” Poses Grave Danger To Markets

Most market watchers believe we're finally in the late stages of the cycle, and when that happens, it often takes management teams some time to adjust their thinking. One hedge fund is looking to capitalize on the dispersion a turning point like this one presents.

Carlson's Double Black Diamond was up 1.61% net for the first quarter, while its Black Diamond Partners fund was up 2.78% net. The biggest contributors to the funds' March returns were their equity relative value, equity long/ short and event-driven strategies. In fact, Chief Investment Officer Clint Carlson said in his March letter to investors, which was reviewed by ValueWalk, that these strategies brought even better-than-expected returns for the first quarter.

[munger]

Q1 hedge...