Carlson Capital’s sidestep account resources forsaken by $1
billion in 5 months.
The firm’s Black Diamond Thematic account mislaid 22.1% last
year, with resources dropping
more than $300
million from Aug to December.
Assets during Clint Carlson’s investment organisation have forsaken by nearly
$1 billion in 5 months, customer papers show.
The Dallas-based sidestep account managed $8.2 billion firmwide during the
start of 2018, down from $9.1 billion in Aug 2017, according
to papers seen by Business Insider. The dump was exclusively a
outcome of a decrease in sidestep account assets, with that business
saying resources tumble from $7.6 billion to $6.6 billion. Carlson
Capital’s collateralized loan requirement business in contrariety saw
a tiny boost in assets, now adult to $1.6 billion.
More than $300 million of a decrease in sidestep account resources can be
attributed to Carlson’s Black Diamond Thematic fund. On Aug 1,
2017, that account managed $1.2 billion, per customer documents. The
account managed $854 million as of a start of this year.
That account was a firm’s misfortune performer final year, descending 22.1%
after fees, adding on to waste postulated progressing in 2017.
Carlson’s flagship multistrategy supports also mislaid income last
year, losing -4.47% (Double Black Diamond, LP, $2.2 billion) and
-5.99% (Black Diamond Partners, LP, $499 million), after
Hedge supports on normal posted gains final year while the
batch marketplace rallied, meanwhile. The HFR Fund Weighted Composite
Index gained 8.5% in 2017. The SP 500 was adult 21.8%.
The firm’s other strategies posted net gains, meanwhile:
- Black Diamond Relative Value Partners LP: +1.45%, with $307.5
million in assets
- Black Diamond Arbitrage Partners, LP: +6.85%, with $86.5
million in assets
An outmost orator for Carlson declined to comment.