Bob Treue is the Founder and CEO of the Barnegat Fund, a $500m fixed-income relative-value hedge fund based out of New Jersey. Launched in 2001, his fund has returned an impressive 406% during its first decade in business, earning acclaim as the top performing fixed-income relative-value hedge fund of the last ten years.
In this Opalesque.TV interview, Bob sits down to talk with us about the success of his fund, and how the failure of Long-Term Capital Management, a hedge fund behemoth that shared the same strategy, impacted investors’ perception of fixed-income relative-value, possibly forever.
Learn About:
• What a fixed-income relative-value fund looks for?
• How Barnegat overcame Long-Term’s shadow to beat the odds
• +406% returned over 10 years, $662m of value created
• The “Largest Arbitrage Ever”, Barnegat’s famous TIPS vs Treasuries trade.
About Bob Treue:
After Graduating from the University of Michigan in 1991 with a B.A. in business administration, Bob worked for Philadelphia-based O’Connor and Assoc. (which eventually became part of UBS) for 1 year as a currency options trader before moving to Princeton, NJ, in 1992 to work for Watermark Management/Parsec Trading. There, he was a fixed income trader for 5 years before London-based Litchfield Capital Management/Paloma Funds hired him to be portfolio manager of a fixed-income relative-value strategy fund. Bob worked for Paloma in 1998, but left late that year to start his own firm, Barnegat Fund Management when he recognized the environment for great fixed-income relative-arbitrage opportunities after the collapse of Long Term Capital Management.
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Bob Treue is the Founder and CEO of the Barnegat Fund, a $500m fixed-income relative-value hedge fund based out of New Jersey. Launched in 2001, his fund has returned an impressive 406% during its first decade in business, earning acclaim as the top performing fixed-income relative-value hedge fund of the last ten years.
In this Opalesque.TV interview, Bob sits down to talk with us about the success of his fund, and how the failure of Long-Term Capital Management, a hedge fund behemoth that shared the same strategy, impacted investo
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