Black Bear Value Fund portfolio update for the fourth quarter and the full year ended December 31, 2018.
Dear Partners and Friends,
The Fund's year-end letter will be sent later this quarter. In the meantime, please see our 4th quarter and full year 2018 portfolio update. Included are additional portfolio details as of year-end. We had a good amount of fund inflows for January resulting in increased sizing of positions as of 12/31.
Q3 hedge fund letters, conference, scoops etc

The Black Bear Value Fund returned approximately -3.2% net in the 4th quarter bringing the 2018 net return to +3.3%. The S&P 500...

