Performance profile: Converts king Basso buries its peers


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