Black Bear Value Fund letter for the third quarter ended September 30, 2023.
“If you think nobody cares if you’re alive, try missing a couple car payments.”- Earl Wilson
To My Partners and Friends:
- Black Bear Value Fund, LP (the “Fund”) returned +7.3% in September and is +26.4% YTD.
- The S&P 500 returned -4.8% in September and +13.1% YTD.
- The HFRI Index returned +8.8% YTD thru August (Sep numbers N/A).
- We do not seek to mimic the returns of the S&P 500 and there will be variances in our performance.
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Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
