Black Bear Value Fund update for the month ended January 31, 2023.
Q4 2022 hedge fund letters, conferences and more

Dear Partners and Friends,
-
Black Bear Value Fund returned +1.0%, net, in January.
-
The HFRI Value Index returned +5.1% in January.
-
The S&P 500 returned +6.3% in January.
Please note returns could vary depending on your time of investment. You should have received an email with an invitation for an online investor portal (K-1,s past...

