Black Bear Value Partners 4Q22 Commentary

Jacob Wolinsky

Published onFebruary 3, 2023

Black Bear Value Partners LP commentary for the fourth quarter ended December 31, 2022.

Q4 2022 hedge fund letters, conferences and more

“Don’t play everything; let some things go by…. What you don’t play can be more important than what you do.” – Thelonious Monk

Dear Partners and Friends,

· Black Bear Value Fund returned +1.8%, net, in December and +12.5% for 2022.

· The HFRI Value Index returned -0.9% in December and -8.1% for 2022.

· The S&P 500 returned -5.8% in December and is -18.1% for 2022.

From the start of our Partnership, it was clear that investment knowledge alone would not be enough for...

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Jacob Wolinsky

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

Black Bear Value Partners 4Q22 Commentary

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