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Black Bear Value Fund August 2022 Update

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Jacob Wolinsky
Published on
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Black Bear Value Fund update for the month ended August 31, 2022.

Dear Partners and Friends,

  • Black Bear Value Fund, LP returned -2.5%, net, in August and +3.2% for 2022.
  • The HFRI returned -0.5% in August and -8.7% for 2022.
  • The S&P 500 returned -4.1% in August and is -16.2% for 2022.

Q2 2022 hedge fund letters, conferences and more

The existing portfolio remains substantially undervalued leading to increasing investment in our best ideas. While we have new ideas under considerationthe bar is high as we are near fully-invested and like what we own.

Word of mouth has been the most effective marketing engine for us. If you know of quality potential partners who are long-term minded please keep us in mind.

Please note returns...

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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 covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.