Carlson Capital's Double Black Diamond fund added 1.47% net of fees in May, taking its year-to-date performance to 5.2%, according to a copy of the fund's letter, which ValueWalk has been able to review.
Q1 2021 hedge fund letters, conferences and more
Founded in 1993 by Clint Carlson, Carlson Capital has struggled to retain assets and talent over the past few years.
Its two flagship multi-strategy hedge funds, Black Diamond and Double Black Diamond, have seen a significant decline in assets under management over the past two years.
According to reports, assets in the firm's hedge funds have fallen to around $4.8 billion at the beginning of 2021, down from more than $6...
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