Hedge Funds

Basso Capital rolls out credit opportunities fund

by

Howard Fischer's $750 million Basso Capital Management is expanding its menu of offerings to include a new fund that will track the credit portion of the firm's flagship multistrategy vehicle.

Dixon Yee, a senior managing director who has run the credit strategy since Basso spun out of DKR Capital Management at the beginning of 2004, is also running the new Basso Credit Opportunities Fund.

Prior to joining Stamford-based Basso, Yee was a proprietary trader with Bank of America.

The fund invests in bank debt, high yield, distressed debt and companies emerging from bankruptcy

Basso began incubating the new vehicle