Black Bear Value Fund May 2023 Update
Black Bear Value Fund update for the month ended May 31, 2023.
Q1 2023 hedge fund letters, conferences and more
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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