Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Black Bear Value Partners LP Q1 2019 Letter

Black Bear Value Partners is a value investment partnership founded and managed by Adam Schwartz. The fund is long-term oriented and looks for the stocks or bonds that are currently undervalued based on its estimates. Before launching Black Bear Value Partners, Mr. Schwartz was a Director and senior member of the investment team at Fir Tree Partners. He earned his B.S. and M.S. with a concentration in Accounting from Washington University (St. Louis). The fund recently released its Q1 2019 Investor Letter, a copy of which you can download below. Among other things in the letter, Black Bear Value Partners reported a return for the first quarter in 2019 of 0.1%.

To My Partners and Friends:

•Black Bear Value Fund, LP (the “Fund”) returned +0.1 % in the 1st quarter of 2019.

•The S&P 500 returned +13.7 % in the quarter.

•The HFRI index returned +6.5% in the quarter.

•We do not seek to mimic the returns of the S&P 500 and there will be variances in our performance.

Our credit shorts negatively impacted our performance in the first quarter as credit instruments rallied. In the year-end letter I advised caution in extrapolating our 2018 performance as this is a long-term game. The bond market decided to make my point for me and we’re breaking even thru Q1. Long-term investing takes timeand requires patience.

You can download a complete copy of Black Bear Value Partners’ Q1 2019 Letter here:

BlackBear_Q1_2019_FINAL

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...