{"id":7643,"date":"2008-05-05T00:00:00","date_gmt":"2008-05-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"basso-sings-the-blues-as-hedge-funds-lose","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/basso-sings-the-blues-as-hedge-funds-lose.html","title":{"rendered":"Basso Sings The Blues As Hedge Funds Lose"},"content":{"rendered":"<p>FINalternatives- Stamford, Conn.-based Basso Capital Management said Thursday that almost all of its hedge funds finished the first quarter in the red.<\/p>\n<p>The firm, which manages $2.57 billion, told investors that its Credit Opportunities Fund is down 14% this year after dropping another 2.37% in March. It also posted losses in its Basso Partners and Basso Investors vehicles, both of which are down 2.8% on the year.<\/p>\n<p>&ldquo;Investors and managers have failed to live up to the challenges we are facing in the current market environment,&rdquo; Basso CEO Howard Fischer wrote. &ldquo;It is evident to us that many funds are forcibly liquidating part or substantially all of their portfolios.&rdquo;<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.finalternatives.com\/node\/4254\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FINalternatives- Stamford, Conn.-based Basso Capital Management said Thursday that almost all of its hedge funds finished the first quarter in the red. The firm, which manages $2.57 billion, told investors that its Credit Opportunities Fund is down 14% this year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7643","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7643"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7643\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}