The Upside: Barnegat turns $1 into $10 in 13 years

By Simone Foxman

Wed Jun 18, 2014

Bob Treue’s fixed income fund is up 13.6% this year. Its gains made it a shoo-in for this month’s installment of “The Upside,” which highlights the returns of an outstanding fund in the Absolute Return Database.

Up 2.8% in May and 13.6% this year, Bob Treue’s Barnegat Fund can claim another milestone: having a produced a net annualized return of 18.9%, a dollar invested in the fund at its January 2001 inception would now be worth about $10. That’s a heady milestone for the $715 million fixed income fund; by comparison, the median fixed income in the Absolute Return database has generated a net annualized return of 7.95% in the same period (it’s up 3.91% this year through May).

And those returns aren’t the result of early gains on a small capital base. Barnegat chosen as one of Absolute Return’s Funds to Watch in 2009. From inception through May of 2009, the Barnegat Fund had produced a net annualized...

ISSN: 2151-1845 / CDC10004H

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