Carlson Capital Posts Solid April Returns With These Financials And Event-Driven Positions – ValueWalk Premium
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Carlson Capital Posts Solid April Returns With These Financials And Event-Driven Positions

Carlson Capital's Double Black Diamond Fund was up 2.26% in April, bringing its year-to-date return to 3.19%. In April, the fund enjoyed robust performance in its event-driven strategy and center book and solid returns in its relative value strategy. However, the Carlson fund's strategic investments were weak, while its macro overlay subtracted about 100 basis points from its performance.

The Double Black Diamond team continued to add downside protection as the fund's realized beta drifted higher in April.

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