A. General Description of Basso and Its Advisory Services and Strategy
Basso, a Delaware limited partnership, is an investment adviser with its principal place of business in
Stamford, Connecticut. Basso (and its affiliated management entities) is owned by its Founding Managing
Partner – Chief Executive Officer Dwight Nelson, who joined the firm in 1999.
In its more than 28 years of operations (including those of its predecessor), the firm has provided
investment advisory services to family offices, private investment funds, separately managed accounts,
“funds of one”, registered investment companies (mutual funds) and Undertakings for Collective
Investments in Transferable Securities (UCITS). The firm’s principal focus currently is on providing
discretionary and non-discretionary advisory services to family offices.
Basso advises these family offices on behalf of high-net-worth individuals, families and their associated
entities. Those family offices that receive discretionary advisory services are referred to as separately
managed accounts (“SMAs”). Basso portfolio manager Matthew Zimmerman has primary responsibility
for the discretionary advisory services provided to the SMAs. The SMAs may hold a wide range of
investments, including, among others, domestic, international-developed and emerging-market public and
privately-traded common and preferred stock, options, investment-grade bonds, below-investment grade
bonds, sovereign (U.S. and non-U.S) government bonds, mutual funds, exchange traded funds (“ETFs”),
derivatives, futures, digital assets and interests in open-ended and closed-ended private investment
vehicles, illiquid and/or private investment vehicles and other investments (including real estate and
private debt). Investment mandates are discussed with each SMA client to determine their risk and
portfolio objectives, wealth management needs and asset allocation plan.
Mr. Nelson has primary responsibility for the non-discretionary advisory services provided to the family
offices. He also is the principal
portfolio manager for a-sub-advised portion of a multi-manager fund. His
strategy for this client (the “Sub-advised Account”) focuses on the highly liquid portion of the global fixed
income market. Mr. Nelson, along with the firm’s UK-based portfolio manager, also advises a proprietary-
money-only account (“Basso Omni”) with a broad investment strategy that includes trading in fixed income
securities and equities.
In this brochure Basso discusses certain conflicts of interest that may arise in its management of the
SMAs, the Sub-advised Account and Basso Omni (collectively, the “Investment Vehicles”) and the firm’s
policies and procedures designed to detect and address these conflicts. For information about the firm’s
advisory and sub-advisory services, please contact
ir@bassocap.com.
B. Investment Discretion and Mandate
Basso manages the SMAs (and Basso Omni) with broad discretion, across the range of investments noted
above, subject to any risk parameters and asset-percentage ranges that may be agreed with the account
holders. The firm has broad discretion to manage the Sub-advised Account within the overall strategy set out
in the sub-advisory agreement entered into with the account’s direct investment manager (the “Sub-advisory
Agreement”). The firm provides non-discretionary advisory services from time-to-time to its family office clients
when they seek Basso’s guidance and when Basso is aware of particular investment opportunities that may be
of interest to these family offices.
1266 E Main Street | Stamford, CT 06902 | (203) 352-6100 | legalnotices@bassocap.com
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C. No Wrap Fee Programs
Basso does not participate in wrap fee programs and does not manage wrap fee accounts.
D. Assets Under Management
As of March 1, 2023, Basso had discretionary management authority over $408,768,379 in net client assets and
provided non-discretionary management services to $1,048,000,000 in net client assets.