Black Bear Value Fund update for the month ended November 30, 2022.
Q3 2022 hedge fund letters, conferences and more
Dear Partners and Friends,
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Black Bear Value Fund (the “Fund”) returned +0.1%, net, in November and +10.4% for 2022.
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The HFRI's returns were not available for November. Thru October it was -10.7% for 2022.
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The S&P 500 returned +5.6% in November and is -13.1% for 2022.
If you are planning on adding capital for January please let me know as soon as possible. We have a number...

