Black Bear Value Fund Up 13% In 2022

Jacob Wolinsky

Published onJanuary 11, 2023

Updated on January 11, 2023

Black Bear Value Fund update for the month ended December 31, 2022.

Q4 2022 hedge fund letters, conferences and more

black bear 1548874019 — keaton / Pixabay

Dear Partners and Friends,

Black Bear Value Fund returned +1.8%, net, in December and +12.5% for 2022.
The HFRI Value Index returned -0.9% in December and -8.1% for 2022.
The S&P 500 returned -5.8% in December and is -18.1% for 2022.

By most measures 2022 and 2021's returns would be considered acceptable. They are also unusual and should not be expected in a year when the overall markets are down. It is important to remember that today's returns are from yesterday's (or yesteryears') decisions....

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Jacob Wolinsky

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.

Black Bear Value Fund Up 13% In 2022

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