We had the S&P 500 and HFRI index reversed in the bullets below. This has been corrected.
Dear Partners and Friends,
• Black Bear Value Fund, LP (the “Fund”) returned -6.7% in June and +2.1% YTD.
• The S&P 500 returned +3.6% in June and +15.3% YTD.
• The HFRI Index returned -0.3% in June and +4.3% YTD.
• We do not seek to mimic the returns of the S&P 500 and there will be variances in our performance.
Note: Additional historical performance can be found on our...