Black Bear Value Fund February 2020 Commentary

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Jacob Wolinsky
Published on

Black Bear Value Fund commentary for the month ended February 29, 2020, discussing benefit their credit shorts will get from an economic reckoning.

Q4 2019 hedge fund letters, conferences and more

Black Bear Value Fund

  • The Fund returned -9.4%, net, in February and -15.5% YTD.
  • The S&P 500 returned -8.2% in February and -8.3% YTD.
  • The HFRI index returned -3.6% in February and -3.9% YTD.

These results were a touch better than I had estimated when I sent the update earlier this month....

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Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.