'Cryptocurrency mania' burned a $1 billion hedge fund that was betting against chipmakers (NVDA)

Dallas-based Carlson Capital's Black Diamond Thematic fund has lost 14.2% net this year through July 31, according to a client update reviewed by Business Insider, and bitcoin mania is partly to blame. The $1 billion equity long-short fund had been up about 10% after fees around this time last year, Business Insider previously reported. Carlson Capital manages about $9 billion firmwide. Markets Insider"We arenaturally disappointed by the performance of the first half of 2017," the portfolio mana...