Hoboken, NJ., hedge fund Barnegat is roaring again this year, up 11.6 percent through the first quarter. March lifted the fixed-income arbitrage fund 3.3 percent. Total assets, however, still remain on the small side, at $487 million.

Last year, Barnegat had a stellar year with returns of 132 percent. See The Post’s profile of Barnegat founder, Bob Treue, and his efforts to overcome the “taboo” associated with his trading strategy.

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