Bob Treue has re-opened his $666m hedge fund Barnegat to outside investors as opportunities improve. In his monthly report to investors, Treue said that Barnegat Fund has increased the size of its positions and expects it volatility to come back to its long-term target of 8-10%.

Barnegat lost 1.8% in February (-2.5% YTD). The fund’s compounded annual rate of r