Carlson Capital Barely Positive As Hedge Fund Warns Of Danger As Private Equity Drive Stocks To Record Levels

Carlson Capital's Black Diamond Arbitrage Partners gained 0.99% net for the second quarter, putting its return for the first six months of the year at 2.64%. Merger arbitrage contributed 40 basis points to the Q2 returns, and special situations and other event-driven investments contributed 112 basis points. As of the end of June, merger-related holdings were 74% of the fund's long market value.

Q2 hedge fund letters, conference, scoops etc

In his second-quarter letter to investors, which was reviewed by ValueWalk, Jesse Ho described the event landscape as "robust, especially for strategic M&A."