Bob Treue’s Barnegat Fund up 132%
| January 4th, 2010 | ||
| Barnegat Fund Management of Hoboken New Jersey had a stellar 2009. The $450 million fixed income arbitrage hedge fund manager’s flagship Barnegat Fund was up 132% for the year, handily outperforming the industry average of 19%. According to the New York Post, the firm’s founder Bob Treue attributes the performance largely to the firm’s strategy to keep 50% of assets in cash. The large cash pile enabled the firm to hold onto key investment positions, while maintaining liquidity for investor redemptions throughout the tumultuous year. | ||
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Barnegat Fund Management |
Related People: Bob Treue
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Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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