Black Bear Value Fund update for the month ended January 31, 2019.
Q4 hedge fund letters, conference, scoops etc

Dear Partners and Friends,
- The Fund returned +4.3%, net, in January.
- The S&P 500 returned +8.0% and HFRI returned 4.7% in January.
Fund Strategy
Black Bear Value Fund, LP is an opportunistic, concentrated and fundamental value investment partnership. Our partnership operates with low fees and high levels of alignment between the Investment Manager and the Limited Partners. We actively seek undervalued and concentrated investments in the stock and bond markets that can be purchased at discounts to their intrinsic value/recovery value. We employ a tax efficient...

