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Black Bear Value Partners 4Q18 Letter Up In 2018 As Both Shorts And Longs Outperform

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Jacob Wolinsky
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Black Bear Value Partners commentary for the fourth quarter ended December 31, 2018.

Q4 hedge fund letters, conference, scoops etc

"In theory there’s no difference between theory and practice, but in practice there is." -Yogi Berra

To My Partners and Friends:

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keaton / Pixabay

Black Bear Value Fund, LP (the “Fund”) returned approximately -3.2% in the 4th quarter of 2018 bringing the YTD net return to +3.3%. This compares to -13.8% for the S&P 500 in the quarter, bringing its YTD return to -4.4%. The HFRI index returned -8.6% in the 4th quarter bringing the 2018 net return to -6.4%. As a reminder, we do not...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid