Carlson Capital is both long and short these financials sector stocks

Carlson Capital's Black Diamond funds were just barely in the green for August with returns ranging from 0.03% up to 1.35% for the month, according to the firm's August tear sheet, which was reviewed by ValueWalk.

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August returns

Double Black Diamond L.P. was up 0.95% net for August and 1.44% for the third quarter so far, pulling its year-to-date return into the green at 0.02%. Double Black Diamond Ltd. was up 1.35% for August and 1.78% for the first two months of the third quarter, although it remains in the red at -0.28% year to date.

Black Diamond Partners was up 0.34% for...