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The past two years have not been kind to Clint Carlson‘s hedge fund manager.
Carlson Capital has seen its assets fall by billions while investing talent keeps heading out the door. The latest investor update the Dallas-based manager sent out, seen by Insider, shows the damage. Compared to the investor update the firm sent out on April 1, 2019, firm-wide assets have fallen nearly $3 billion from $7.7 billion to $4.8 billion. The drop has been most steep in the firm’s multi-strategy hedge funds, Black Diamond and Double Black Diamond.