Deal-Making “Found Its Footing” In Q2, Says Carlson Capital’s Jesse Ho
Carlson Capital’s Black Diamond Arbitrage Partners was down 0.91% net for the second quarter, bringing its year-to-date return to -1.52%. Merger arbitrage investments detracted 24 basis points from the fund’s quarterly return, although special situations and other event-driven positions were responsible for a much larger detraction of 84 basis points. As of the end of June, 87% of the Black Diamond Arbitrage fund’s long market value consisted of merger investments. M&A Trends In his second-quarter letter to investors, which was obtained by ValueWalk, Event-Driven chief Jesse Ho said they “effectively navigated market volatility” during the second quarter. Although they fell...
This content is exclusively for paying members of Hedge Fund Alpha
Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha Get Started Now with a FREE 7-Day Trial🔻If you are a current Hedge Fund Alpha member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat. |
