Hedge Funds

Basso builds trio of new products

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Basso Capital, the hedge fund shop run by convertible bond star Howard Fischer, recently opened several new funds it has been running internally to outside investors. The firm, which collectively manages close to $1 billion in assets, rolled out a trio of funds that include a new pair of global convertible and multi-strategy funds, as well as a PIPES fund the firm started back in 2000 at DKR.

Basso Capital spun out of Stamford, Ct.-based DKR in January of this year. The group promptly launched its multi-strategy and global convertibles funds in January with $100 million and $50