Carlson Capital's Double Black Diamond fund declined six basis points in December, capping its net return for 2022 at 6.38%. In December the fund's equity relative value and event-driven strategies generated robust results, along with the center book, which combines trades from both strategies.
The fund's hedges also added a "small amount of P&L" for the month. However, the fund's strategic investments more than offset the gains from the other strategies as its largest position tumbled during the last two weeks of the year.
Q4 2022 hedge fund letters, conferences and more
Returns By Strategy
The Double Black...
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