While a few hedge fund managers were wishing for a bit of volatility last year, the last few months have been a strong example of why one should be careful of what they wish for. Amid the end-of-the year volatility, there were a few standout funds whose strategies managed to withstand the worst shocks of the market.
In the case of Carlson Capital's Double Black Diamond fund, strong diversification enabled the fund's managers to come out of 2018 in the green, although the fourth quarter cut into the strong performance in the first three quarters.
No one left to buy
In his December letter to investors, which was seen by ValueWalk, Chief Investment Officer Clint Carlson outlined the results of their many strategies throughout 2018. He noted that expectations for the stock market in 2018 were high and ended up not being met, and the steep decline started with the third-quarter earnings reports.
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