Black Bear Value Fund February 2021 Performance Update

Black Bear Value Fund performance update for the month ended February, 2021. Q4 2020 hedge fund letters, conferences and more Dear Partners and Friends, Black Bear Value Fund, LP (the “Fund”) returned +9.1%, net, in February and is +10.2%, net,  for the year. The HFRI returned +6.4% in February and is +7.9% for the year. The S&P 500 returned +2.8% in February and is +1.7% for the year. K-1’s should be sent shortly and we do not expect a need for extensions on our behalf. Despite the uptick in returns, we are finding interesting ideas both domestically and internationally that…