Small fund, big $

Hoboken, N.J.-based Barnegat Fund is up a whopping 132 percent this year -- or $352 million -- hoisted through 2008's turmoil by its 40-year-old founder Bob Treue. By way of comparison, the average hedge fund is up less than 19 percent this year, and only a handful of funds have recovered 2008's harrowing losses.

Treue's fund lost 37 percent during the turmoil of 2008, but his triple-digit gains in the last 12 months have more than made up for the damage.