Carlson’s Double Black Diamond Fund Is Still In The Green For 2022 Despite Challenging Months [Exclusive]

Clint Carlson's Double Black Diamond fund declined 1.69% net for September, a solid return at a time when most other hedge funds are rapidly shedding capital. The September return brings the fund's year-to-date return to 2.76% — keeping Carlson's Double Black Diamond fund as one of a relatively small number of hedge funds in the green for the first nine months of 2022.

For comparison, the S&P 500 tumbled 9% for October.

Beta Rises Alongside Market Volatility

In his October letter to investors, which was obtained by ValueWalk, Clint Carlson said their September performance was "in line with where qualitatively" they would expect it to be in such a down month for the S&P. He added that their return was also consistent with...