Black Bear Value Fund's performance update for the month ended December 31, 2021.
Q3 2021 hedge fund letters, conferences and more
- Black Bear Value Fund, LP (the “Fund”) returned +4.1%, net, in December and finished +35.0% in 2021.
- The HFRI index has not published their December numbers but was +12.2% through November.
- The S&P 500 returned +4.5% in December and finished +28.7% for the year.
It is quite unusual to outperform the broader market...
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