MAS-licensed fund management in Singapore for accredited and institutional investors
A curated range of funds and managed accounts targeting growth and income across the risk spectrum.
Risk, valuation and compliance frameworks built to institutional standards on every mandate.
Tailored structures and hedging strategies to meet specific return, risk and liquidity objectives, including Singapore VCC umbrellas and sub-funds.
Fixed income, equities, commodities, trade finance and volatility across currencies and jurisdictions.
A purpose-built fund vehicle, with a regulated manager built in
The Variable Capital Company is Singapore’s corporate fund vehicle for families, institutions and professional investors. One umbrella, one registration and one audit hold as many ring-fenced sub-funds as you need — by strategy, by branch, or by generation. Conduit Asset Management structures, launches and manages VCCs as the MAS-licensed manager the statute requires.
Shares are issued and redeemed at net asset value without shareholder approval. Capital goes in and comes out cleanly; dividends may be paid from capital, not only profits.
Each sub-fund’s assets and liabilities are segregated by law. New compartments are added by filing, not by incorporating — for a new strategy, a branch of the family or the next generation.
The umbrella files one tax return, undergoes one audit and holds one certificate of residence — however many sub-funds sit beneath it. Treaty access follows Singapore tax residence.
The register of members is not on public search, yet the structure reports under CRS and FATCA throughout. A regulated, disclosed home for a fund — not privacy engineering.
With a MAS fund-tax incentive, specified income from designated investments is exempt. Conduit carries the qualifying investment professionals the award requires, so clients need not hire in Singapore.
Two routes in
Assets are ring-fenced by law either way — what differs is who owns the infrastructureConduit incorporates and manages a VCC in your name: your constitution and share classes, a board with your nominee, and your own tax award. Permanent infrastructure — if any provider changes, including the manager, the umbrella and its assets carry on.
Subscribe to a newly designated sub-fund inside the umbrella Conduit already operates. Board, constitution, service providers and tax award are in place; your compartment is ring-fenced, separately reported and audited within the umbrella.
Separation of duties is the control
The manager decides, an independent administrator values, a bank holds, an auditor checks and a board with an independent director oversees. No single party can both move the assets and mark their value.
Cash and securities sit with the custodian in the VCC’s own name. Conduit is an authorised instructor on the approver matrix — never a signatory to client money, and never in custody.
What Conduit does
Umbrella and sub-fund design, PPM, constitution, management agreements.
Custodian onboarding, administrator, secretary, auditor and tax adviser appointed and managed.
Resident directors, ACRA registration, MAS lodgement, the s13O application, FATCA and CRS registrations.
Discretionary management under the IMA, NAV review, tax and regulatory reporting, strategy monitoring.
Growth and yield, at appropriate levels of risk
Our team spans buy-side and sell-side experience across global markets. We combine independent, high-conviction ideas with the discipline of institutional oversight — ensuring every strategy is managed transparently, monitored continuously, and aligned with the outcomes our clients need.
Explore our strategies
Diversified returns, matched to your risk appetite.