Carlson Fund Benefits From Robust M&A Activity Despite Other Event-Driven Weakness [Exclusive]

Carlson Capital's Double Black Diamond L.P. fund was down 2.06% for March, bringing its first-quarter return to 1.19%. The firm's Double Black Diamond Ltd. declined 2.27% for March, ending the first quarter up by 1.67%.

Carlson's Black Diamond Arbitrage Partners L.P. returned -1.11% for March, bringing its first-quarter return to -0.59%. The Black Diamond Arbitrage Ltd. fund was down 1.14% for March and is down 0.63% year to date. The Black Diamond Clean Energy fund returned 2.36% for March, bringing its first-quarter return to -0.32%.

Q1 2022 hedge fund letters, conferences and more

Macro Effects

Carlson's merger arbitrage investments contributed 86...