Carlson Capital Thinks The SPAC Boom May Be Over [Q1 Letter]

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Rupert Hargreaves
Published on
Black Diamond

Carlson Capital’s Black Diamond Arbitrage Partners fund added 1.3% net fees in the first quarter of 2021, according to a copy of the firm’s March 2021 investor update, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more At the end of the quarter, merger arbitrage investments represented 89% of the fund’s long market value. These positions contributed 167 basis points to first-quarter returns. Special situation investments represented 11% of the fund’s long market value at the end of the quarter. These positions contributed four basis points to returns in the first three months of…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk