Black Bear Value Fund February 2020 Commentary: Cracks In Credit Markets

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Jacob Wolinsky
Published on
invest Roubaix Fund Composite

Black Bear Value Fund commentary for the month ended February 29, 2020. Q4 2019 hedge fund letters, conferences and more   Dear Partners and Friends, We have had our 2 biggest monthly draw-downs in back-to-back months with an estimated YTD return at ~ -16%.  While I have the bulk of my net worth in the Partnership and am very comfortable with what we own, I am sympathetic that getting a monthly update like this can stir nervous energy. Markets can swing from euphoria to panic. Though the unknown can be scary, it is of critical importance not to let the…

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Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.