Black Bear Value Fund performance update for the month ended April 30, 2020.
Q1 2020 hedge fund letters, conferences and more
Dear Partners and Friends,
- Black Bear Value Fund, LP (the “Fund”) returned +2.8%, net, in April and -16.5% YTD.
- The HFRI index returned +7.1% in April and -7.8% YTD.
- The S&P 500 returned +12.8% in April and -9.3% YTD.
The tear sheet includes our portfolio positioning as we exited April as well as our top 5 long equity positions exiting Q1. Positions could have changed since then.
We will continue to contribute 100% of our net management fees thru June 30. So far we have been involved with COVID relief efforts at Baptist...
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