Clint Carlson's Double Black Diamond Fund returned 3.94% for April, bringing its year-to-date return to 5.27%. All of the fund's business units were in the green for April except its event-driven strategy, which declined nine basis points. Year to date, all units except for the event-driven strategy are in the green, with the event-driven book down less than 1%.
Risk-Averse Sentiment Amid Volatility
In his May letter to investors, which was obtained by ValueWalk, Carlson said they expect the performance of their event-driven portfolio to recover because the weakness was stock-specific. The available opportunities have become increasingly attractive.
Q1 2022 hedge fund letters, conferences and more
He noted that investors...
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