Carlson’s Double Black Diamond fund is winning with these event-driven positions

Carlson Capital's Double Black Diamond fund was up 1.53% net for April, bringing its year-to-date return to 3.71%.

Q1 2021 hedge fund letters, conferences and more

Positive returns for event-driven positions

In their April letter to investors, which was reviewed by ValueWalk, the Double Black Diamond team said their event-driven strategy generated robust results during the month, driven by positive news flow for the deals in the fund's portfolio. Additionally, arbitrage spreads tightened a bit during the month. The Double Black Diamond team believes the opportunity set remains "large and growing."

Two of the fund's larger positions, Alexion Pharmaceuticals and Maxim...