Fund of Hedge Funds Launched in Singapore

Paul Das

4 February 2005

Conrad and Ottess, a British Virgin Islands-based private investment company with a branch office in Singapore, plans to launch Excess 10, a multi-strategy fund of hedge funds. The fund aims to deliver a consistent return in excess of 10 per cent per annum excluding fees. The fund invests in a diversified group of around 15-25 managers, and will launch with a 60 per cent bias towards Asian and other emerging-market managers. But the fund will launch with a 40-50 per cent allocation to hedge funds focused on US and European markets to keep its risk profile stable. While there is no specific strategy allocation in the portfolio, the fund seeks to maintain a 30-40 per cent weighting towards low volatility, consistently performing funds and another 30-40 per cent towards higher-return, more volatile managers. Conrad and Ottess was previously the family office of a Spanish family that made its fortune in casinos.