Black Bear Value Partners 2Q21 Commentary
Black Bear Value Partners LP commentary for the second quarter ended June 30, 2021. Q2 2021 hedge fund letters, conferences and more “I am certain there is too much certainty in the world.” - Michael Crichton To My Partners and Friends: Black Bear Value Fund, LP (the “Fund”) returned -1.5%, net, in June, +2.7% for the 2nd quarter and +28.5% YTD.The S&P 500 returned +2.3% in June, +8.3% for the 2nd quarter and is +15.2% YTD.The HFRI index returned +1.3% in June, +6.2% for the 2nd quarter and is +17.1% YTD.We do not seek to mimic the returns of the S&P 500 and there will be variances in our perf...