This famed arbitrage hedge fund is benefiting from record-breaking M&A activityMichelle Jones
Carlson Capital's Black Diamond Arbitrage Partners fund was up 3.37% net for the second quarter, bringing its year-to-date return to 4.72% net. Merger arbitrage positions contributed 355 basis points to the quarterly return, and special situations and other event-driven positions added 107 basis points. As of the end of June, merger investments amounted to 88% of the long portfolio.
Record-breaking M&A activity . . .
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