Black Bear Value Fund's performance update for the month ended January 31, 2025.
Dear Partners and Friends,
- Black Bear Value Fund returned +1.5%, net, in January.
- The HFRI Value Index returned +2.8% in January.
- The S&P 500 returned +2.8% in January.
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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.
Portfolio Manager
The Fund is managed by Adam Schwartz who has 22 years of buy-side investment experience across a variety of themes including equities, structured products, corporate credit, and capital structure arbitrage. Prior to founding the Investment Manager, Adam served as a Director and senior member of the investment team at Fir Tree Partners, a $13BB peak-AUM multi-strategy investment manager (2007-2015). Adam received his BS and MS with a concentration in Accounting from Washington University in St. Louis in 2001/2002.
Link to factsheet.
Thank you for your trust and support,
Adam
Black Bear Value Fund
