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Black Bear Value Fund August Performance Update

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Jacob Wolinsky
Published on
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Black Bear Value Fund performance update for the month ended August 31, 2021.

Q2 2021 hedge fund letters, conferences and more

Black Bear Value Fund

Dear Partners and Friends,

  • Black Bear Value Fund, LP (the “Fund”) returned -1.4%, net, in August and is +27.9%, net, for the year.
  • The HFRI returned +1.1% in August and is up 15.5% YTD.
  • The S&P 500 returned +3.0% in August and is +21.6% for the year.

We are finding interesting smaller-capitalization/off-the-beaten track businesses to invest in despite the overall market continuing to climb higher. We remain very concentrated in our businesses and although they have not participated in the latest market rally, their business prospects remain intact. Lower prices...

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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 worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid