New fund of hedge funds takes off in Singapore

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 n…