When the clock chimed and the ball dropped, few firms could look back on an extraordinary year, both absolutely and relative to the performance of 2006's high-flying indices. Basso Capital Management, founded by convertible bond bigwig Howard Fischer, was one of them.
The Stamford, Conn.-based multistrategy firm, which manages $1.3 billion in assets, produced top-shelf returns in each of its three funds. The $750 million Basso Multi-Strategy Fund gained a net 26.2% in 2006, while the Credit Opportunities Fund rose 21.1% and Basso Investors, a convertibles fund, climbed 15.4%.
The firm's funds are global in scope, with as