Fri, Aug 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Barnegat fixed income relative value hedge fund up 6% YTD, annualises 19% since 2001 inception

Friday, April 05, 2013

amb
Bob Treue
Benedicte Gravrand, Opalesque Geneva:

The Barnegat Fund gained 1.9% in March 2013, and is up 6.3% year to date, annualising +19.6% since its 2001 inception. Annualized volatility of the share price was 6.5% for the month.

The $702m fixed income relative value hedge fund based out of New Jersey returned an impressive 406% during its first decade in business, earning acclaim as the top performing fixed-income relative-value hedge fund of the last ten years. When the fund completed its 11th year in February 2012, the share price had gone from 1.0000 to 6.0878, a gain of 508% (annualising 17.8%).

Barnegat focuses on interest-rate anomalies in the large, liquid markets of North America, Europe and the Pacific Rim. It captures these mispricings via government bonds, interest-rate swaps and futures.

Bob Treue, founder and CEO of the Barnegat Fund, commented in an e-mail received by Opalesque yesterday; "We are in a good spot based on government market interventions creating new trading opportunities while government regulatory rulings reduce our competition."

"Bank prop desks (our competition) continue to close, although some of those employees re-appear at other funds. From my limited view, Dodd-Frank and Volcker legislation have resulted in a net reduction in our competition," he added.

Treue started his experience in fixed......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  4. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  5. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

 

banner