Carlson Capital, the Dallas, Texas-based hedge fund, recorded a notable decline for its Double Black Diamond fund in August.
The fund declined 1.26% in August, resulting in a year-to-date return of 0.26%, both net of fees, according to a copy of its latest monthly investor update, which ValueWalk has been able to review.
According to its update, the multi-strategy fund's equity relative value strategy showcased solid monthly performance. At the same time, risk arbitrage recovered from the dislocation witnessed in May and June. However, the equity long/short strategy was a notable loser.
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