Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Bob Treue says Brexit hurt his hedge fund but sees opportunities

Wednesday, July 13, 2016

Komfie Manalo, Opalesque Asia:

Barnegat Fund CEO and president Bob Treue said that the United Kingdom’s historic decision to leave the European Union has presented an opportunity for his hedge fund and added that he decided to invest again on July 1.

Treue said that while the Brexit initially caused pain to his fund, the decision actually presents good prospects in the long term. The Barnegat Fund lost 2.8% in June but is still up 0.5% year-to-date.

He said, "We have good opportunities. Brexit has hurt us in the short-term, but in general, these bits of chaos are good for us in the long-term. To be clear, this is not like 2008 where we went straight to great opportunities in a flash. Nevertheless, opportunities are appealing enough to me to invest again."

The average hedge fund posted gains in June as global financial markets experienced massive dislocations across currency, equity, fixed income and commodity markets as a result of the Brexit, Hedge Fund Research said in its latest report. The HFRI Fund Weighted Composite Index returned +0.8% in June (+1.63% YTD), the fourth consecutive month of positive performance. Macro strategies posted their strongest monthly gain in over five years, while defensive hedging limited exposures of directional equity hedge and event-driven strategies......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1