Adam Schwartz is the Chief Investment Officer and Founder of Black Bear Value Partners, which he founded in 2017. Schwartz brings over 21 years of buy-side investment experience across equities, structured products, corporate credit, and capital structure arbitrage. Previously, he served as a Director at Fir Tree Partners, a multi-strategy investment manager that managed $13 billion at its peak. He also gained experience at LibertyView Capital Management and Kore Advisors. Schwartz holds BS and MS degrees in Accounting from Washington University in St. Louis, earned in 2001 and 2002 respectively. The fund operates from Boca Raton, Florida and has been featured in respected publications including Grant's Interest Rate Observer, Bloomberg, and Value Investor Insight.

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Black Bear Value Partners employs a long-term, fundamental, and value-oriented investment approach focusing on opportunistic, concentrated investments in stock and bond markets purchased at discounts to intrinsic or recovery value. The Investment Manager seeks to preserve capital and achieve long term capital appreciation with sensible risk by focusing on the margin of safety of an investment. The firm defines risk as the probability of permanent loss of capital, not the temporary swings in a security's market price. Black Bear employs tax-efficient methods aligned with their long-term horizon and operates with a lower-fee structure and significant manager investment to ensure alignment with investors. The fund engages in both debt and equity investments across various industries, utilizing long and short positions with a concentrated, fundamental value investment approach.

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