Carlson Capital’s Black Diamond Arbitrage Partners Funds Sees Opportunity In This Merger [Exclusive]
Carlson Capital's Black Diamond Arbitrage Partners fund lost -0.68% net of fees in the fourth quarter of 2022 and -0.46% for 2022 as a whole, according to a copy of the firm's fourth-quarter investor letter, which ValueWalk has been able to review.
Despite recording a loss for the year, the fund still substantially outperformed wider equity markets - the S&P 500 lost more than 18% in 2022.
But, as the firm's managers note in the fourth quarter update, with a "twenty-year-plus track record of positive absolute performance" last year's loss . . .
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