According to Jonathan Kanterman, a veteran fund-of-funds manager who’s not invested in the fund, “Barnegat’s last audited financials [2009] indicate a transparent, comprehensible operation. Further, it appears he creatively manages counterparty risk to...
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According to Jonathan Kanterman, a veteran fund-of-funds manager who’s not invested in the fund, “Barnegat’s last audited financials [2009] indicate a transparent, comprehensible operation. Further, it appears he creatively manages counterparty risk to better protect his positions should a trade ever break down.” Treue looks for extraordinary events–such as government intervention or bankruptcy–that have temporarily skewed prices. He controls risk by buying or selling the mispriced asset and hedging that position with a marketrate asset
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