Bob Treue’s Barnegat Fund gained 2% in April, improving its year-to-date 2016 return to +2.6%. Barnegat’s net, compound annual rate of return since its launch in 2001 is 16.9% per year.

The hedge fund’s assets under management remains steady at $668m, Treue added.

He commented, "One of the main things I worry about and the central focus of our risk ma