(Opalesque) Bob Treue’s Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. “The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunities, profits mean existing opportunities have lessened,” Treue said in a statement obtained by Opalesque. Treue made the announcement as his Barnegat Fund fell 0.3% in March, leavings its YTD gains to 0.5%, a sharp contrast to the fund’s strong performance last year when it gained 19.2% as of October.
Barnegat to Close Hedge Fund to Outside Investors on Weak Opportunities
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