Carlson Capital’s Black Diamond Arbitrage Partners was up 1.63% net for the third quarter, bringing its return for the first nine months of the year to 4.33%. Merger arbitrage holdings contributed 214 basis points to the return, and 18 basis points came from special situations and other event-driven positions. As of the end of the third quarter, merger investments were 64% of the fund’s long value.
Q3 2019 hedge fund letters, conferences and more
T-Mobile-Sprint merger could be blocked
In his third-quarter letter to investors, which was reviewed by ValueWalk, Jesse Ho updated their position on the T-Mobile-Sprint merger.
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