Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Black Bear Value Fund suffered a 12.6% loss in 2025 due to a growth-led market rally, but the manager remains highly confident, declaring the portfolio of deeply undervalued cash gushers and targeted shorts to be a 'coiled spring' poised for rapid recovery.
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Black Bear Value Fund suffered a 12.6% loss in 2025 due to a growth-led market rally, but the manager remains highly confident, declaring the portfolio of deeply undervalued cash gushers and targeted shorts to be a 'coiled spring' poised for rapid recovery.
