HOBOKEN, N.J.--(BUSINESS WIRE)--The Barnegat Fund is #1 out of 24,072 Fixed Income Funds & #1 out of 48 Fixed Income Arbitrage Funds.
Launched in February 2001, Barnegat has made more than $1 billion for its investors. Current assets under management are $676 million. Average assets under management over the 18 years has been $498 million. Over that lifespan, the fund has gained 1,228%, as its share price has grown from $1 in 2001 to $13.28 as of May 31st, 2018, which represents a net, compound annualized rate of return of +16.1%/year.
Barnegat regularly compares its performance to other funds in Bloomberg’s fund database. The Barnegat Fund is classified as a ‘Fixed Income Arbitrage’ fund, a Bloomberg category containing 48 funds, of which 8 have been active since February 2001. For much of the last 18 years, we have been the #1 ‘Fixed Income Arbitrage’ fund as ranked by Bloomberg. We currently remain as the top fund.
Barnegat also regularly compares its performance to funds classified by Bloomberg as ‘Fixed Income’ funds. As of May 31st, 2018, Bloomberg monitored 24,072 ‘Fixed Income’ funds, of which 4,156 have been active since February 2001. For a long time, Barnegat’s performance since February 2001 would have made it the #2 ‘Fixed Income’ fund behind an Emerging Markets Bond fund. However, last month, Barnegat’s performance improved such that its 1,228% gain would have made it the new #1 ‘Fixed Income’ fund if it were classified as ‘Fixed Income’ by Bloomberg.
The Barnegat Fund is managed by Barnegat Fund Management Inc, a Fixed-Income, Relative-Value hedge fund manager based in Hoboken, New Jersey, USA.
Barnegat focuses on interest-rate anomalies in the large, liquid markets of North America, Europe and the Pacific Rim. It captures these mispricings via government bonds, interest-rate swaps and futures.
Bloomberg Ticker Code: (MANBAFB Index)