Black Bear Value Fund May 2023 UpdateVW Staff
Black Bear Value Fund update for the month ended May 31, 2023.
Dear Partners and Friends,
- Black Bear Value Fund returned +4.4%, net, in May and is +9.2%, net, YTD.
- The HFRI Value Index returned -0.8% in May and is +2.2% YTD.
- The S&P 500 returned +0.4% in May and is +9.6% YTD.
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