Bob Treue's hedge fund, The Barnegat Fund, was off to a good start this year gaining 1.5% in May, bringing year-to-date profits at 12.5%. Treue said that the fund's net, annual compound rate of return since launch in 2001 is 16.5%.

As of May this year, Barnegat's assets under management is placed at $607 million.

"We are off to a good start this year," Tre