Carlson Capital Posts Solid April Returns With These Financials And Event-Driven Positions

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Michelle deBoer-Jones
Published on
Absolute Return

Carlson Capital's Double Black Diamond Fund was up 2.26% in April, bringing its year-to-date return to 3.19%. In April, the fund enjoyed robust performance in its event-driven strategy and center book and solid returns in its relative value strategy. However, the Carlson fund's strategic investments were weak, while its macro overlay subtracted about 100 basis points from its performance.

The Double Black Diamond team continued to add downside protection as the fund's realized beta drifted higher in April.

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April Results

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.