Black Bear Value Fund August Commentary – Gains On Credit ShortsJacob Wolinsky
Black Bear Value Fund commentary for the month ended August 31, 2018.
Dear Partners and Friends,
The Black Bear Value Fund returned approximately 3.2% net in August bringing the 2018 net return to 7.0%. The S&P 500 returned 3.2% in August bringing the 2018 return to 9.9%. The HFRI index returned 1.5% in August bringing the 2018 net return to 3.3%.