Hedge Funds

Carlson adds public/private small-cap fund to line-up

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Carlson Capital, the $4 billion Dallas-based multi-strategy hedge fund group run by Clint Carlson, is organizing the Black Diamond Strategy Hybrid Fund (SHF) to pursue investment opportunities in both public and private securities of small capitalization companies.

SHF will focus on eliminating the arbitrary constraints that shackle traditional hedge fund and private-equity fund structures. The fund will invest in public companies by taking significant minority or majority stakes, with the flexibility to invest across the capital structure in both public and private securities.

Carlson has put together a new team of investment professionals with a combination of public and