Double Black Diamond Takes A Hit From Equity Holdings In March [Exclusive]

Carlson Capital's Double Black Diamond fund lost -1.82% in March, according to a copy of the fund's monthly update, which ValueWalk has been able to review.

Following this performance, the multi-strategy fund ended March with a year-to-date performance of 0.83%.

The fund's monthly update notes the most considerable losses came from its event-driven strategy. The strategy recorded a gross loss of -89 basis points in March and is down -75 basis points gross for the year.

The Fund Overlay was the best-performing segment in the month, returning 40 basis points gross. Macro hedges "contributed positively," the update explains, "as the long position in two-year Treasuries proved an effective hedge during the recent period of financial stress."

Q1 2023 hedge fund letters,...