Basso best of bunch


Owing to continued low volatility, which affects certain types of arbitrage strategies, few multi-strategy funds notched large gains, but many finished February with decent returns. Howard Fischer's Basso Multi-Strategy Fund Ltd. posted a 0.86% gain for the month, bringing its year-to-date up to 0.13%. Adam Sender's Exis Differential Trading posted an estimated 0.06% gain, but is still down an estimated 2.04% for the year. FrontPoint's Multi Strategy fund returned 0.84% in February, bringing its year-to-date total up to 1.18%. The fund is up 6.17% for the last 12 months. Alexandra's Global Investment Fund Ltd., with $1.3 billion in