Carlson Double Black Diamond Struggles In Rising Markets

Carlson Capital's Double Black Diamond fund returned 18 basis points net of fees in June, bringing its return for the first six months of the year to 0.62% net of fees.

In the fund's first half letter, which ValueWalk has been able to review, Clint D. Carlson, the chief investment officer of Carlson Capital, explains the multi-strategy hedge fund benefited significantly from its Equity Relative Value strategy during June and the first half overall.

The Equity Relative Value bucket produced a net profit attribution of 88 basis points in June and 324 basis points for the year to the end of June.

Q2 2023 hedge fund letters, conferences and more

The Event-Driven strategy...