Carlson Capital Expects The Robust M&A Environment To Continue [Exclusive]

Carlson Capital’s Black Diamond Arbitrage fund is up 5.77% for the first eight months of the year, including a 1.72% return for August. Last year, the fund returned 2.39% for the whole year.

Q3 2021 hedge fund letters, conferences and more

The fund consists of merger arbitrage mainly consisting of signed or “rate of return” deals, certain hostile and unsigned deals and reverse-spread positions. The strategy also includes special situations involving a variety of hard catalyst corporate events hedged at the position level.

Background on the fund

Headed up by Jesse Ho, the fund has delivered consistent returns with minimal correlation...