An unusually volatile quarter caused Carlson Capital's Black Diamond Energy Long/Short Fund to slip 4.24% in the first quarter. The Black Diamond Energy Fund trades energy and commodities, which fell throughout most of the quarter and then climbed towards the end. In its quarterly letter, which was reviewed by ValueWalk, the fund said that energy and commodities are still mis-priced like they were in 2015. Whenever the gap in prices is bridged, Carlson Capital will be positioned to benefit.
The Black Diamond Energy Fund was up 8.7% in 2015 after incurring a loss of 3.4% in the last quarter.
Carlson Capital expects energy market to balance in time
Fund manager Rod Saddington believes that over time, lower oil production and normalized demand will balance oil...
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