Carlson Gains In Black Diamond Funds, Wary Of Hedge Fund Crowding

Carlson Capital’s Black Diamond and Double Black Diamond funds managed to do better than the average hedge fund in July, according to investor updates reviewed by ValueWalk. Black Diamond was up .9% in the month and 5.5% for the year, whereas Double Black Diamond gained .8% for the month and 5.35% for the year. Carlson Capital was founded by Clint Carlson and manages over $8 billion in assets across the firm. Carlson on hedge fund crowding and high beta Carlson commented on the crowding of hedge funds into a single investment in this recent letter. He said that many hedge…