Carlson Capital's Double Black Diamond multi-strategy fund added 2.12% in October, bringing its year-to-date return to 5%, according to a copy of its monthly investor update that ValueWalk has been able to review.
AUM shrinks
Carlson's Double Black Diamond strategy used to be the flagship fund of Clint Carlson's investment firm, but assets under management have dwindled in recent years. The multi-strategy fund manages just $533 million today, down from several billion a couple of years ago.
Meanwhile, the firm's Black Diamond Arbitrage event-driven fund has overtaken the multi-strategy fund. The arbitrage fund manages $660 million, around 47% of group assets.
Alongside these two funds, Carlson also looks after separately managed accounts and other funds, including securitized debt, which accounts for the remainder of...
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