Carlson Capital's Black Diamond Arbitrage fund declined 1.03% net of fees in the third quarter of 2020, according to a copy of its investor correspondence, which ValueWalk has been able to review.
Q3 2020 hedge fund letters, conferences and more
The event-driven hedge fund, which specializes in special situations, noted that it is "optimistic" about the outlook for M&A and other deals. The deal pipeline is underpinned by "large strategic deals," the letter noted, which have been negotiated in a post-Covid-19 paradigm.
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Market volatility has also contributed to a more abundant special situations universe, the letter continued. "General...
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