Black Bear Value Fund September 2022 Update

Black Bear Value Fund update for the month ended September 30, 2022. Dear Partners and Friends, Black Bear Value Fund, LP (the “Fund”) returned -2.4%, net, in September and +0.7% for 2022. The HFRI returned -5.7% in September and -13.6% for 2022. The S&P 500 returned -8.0% in September and is -22.9% for 2022. Q3 2022 hedge fund letters, conferences and more We have been finding compelling ideas both on the long and short side.  Some ideas are previously owned names while others are new to the Fund.  Patient investors and a long business runway continue to be part of…