New fund of hedge funds takes off in Singapore

Conrad and Ottess'' fund of hedge funds will launch in mid March with an emerging-markets bias.

Conrad and Ottess, a Singapore-based private asset management company, will shortly launch Excess 10, a multi-strategy fund of hedge funds. The fund, due to launch March 18, aims to deliver a consistent return in excess of 10% per annum. Conrad and Ottess was previously the family office of a Spanish family that made its fortune in casinos.

Singapore-based vice president Kurt Wee says the business was commercialized two years ago and began servicing outside institutional and high net-worth investors. The company is headquartered and incorporated in the British Virgin Islands, and the Singapore branch office, which has been in existence for the last five years, services onshore and offshore clients in...

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