Black Bear Value Partners 1Q21 Commentary
Black Bear Value Partners commentary for the first quarter ended March 31, 2021. Q1 2021 hedge fund letters, conferences and more "In times of joy, all of us wished we possessed a tail we could wag." - W.H. Auden To My Partners and Friends: Black Bear Value Fund, LP (the “Fund”) returned +13.6%, net, in March and is +25.2% YTD.The S&P 500 returned +4.4% in March and is +6.2% YTD.The HFRI index returned +2.0% in March and is +10.1% YTD.We do not seek to mimic the returns of the S&P 500 and there will be variances in our performance.Amidst the turbulence of the financial crisis in 2008 I met my ...