This Multi-Strategy Fund Outperformed The S&P With Its Long/Short Equity Book

Carlson Capital returned 1.28% for January, meaningfully outperforming the S&P 500's 5.2% decline.

Q4 2021 hedge fund letters, conferences and more

A Strong Month For Carlson Capital

In the fund's February letter to investors, which was obtained by ValueWalk, Clint Carlson said their return was ahead of his expectations, but January tends to be a strong month for them. He observed "more than the usual number of year-end opportunities in oversold securities and sectors" and strong mean reversion.

Carlson explained that Carlson Capital's center book was heavily weighted toward mean-reversion trades and drove most of the fund's performance...