Carlson Capital Arbitrage Partners Rises on Deal Closings

Carlson Capital's Black Diamond Arbitrage Partners fund gained 3.28% net of fees in the second quarter of 2020 according to a copy of the firm's second-quarter investor update, which ValueWalk has been able to review. Following this performance, the fund's year-to-date performance is just -0.29%.

Q2 2020 hedge fund letters, conferences and more

According to the letter, merger arbitrage investments contributed 364 basis points to the second quarter returns, while special situations and other event-driven positions detracted twenty-six basis points. At the end of June, 82% of the fund's long market value was allocated to merger investments.

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