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 was disappointing. Investments Outperform in Down Market Carlson’s merger arbitrage…
Carlson Capital’s Black Diamond Arbitrage Partners Funds Sees Opportunity In This Merger [Exclusive]
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