RAMcap makes JV offer to FTT
June 11, 2020
April 2, 2020
- Replacement of the FTT board at the AGM by RAMcap’s directors.
- Capital reduction of at least $2.08million = 0.2cents+ per FTT share.
- Formation of a new company, equally owned by RAMcap and FTT which will enter the hedge fund manager business by offering units in the RAMcap Hedge Fund.
- New JV Fund will be managed by the investment committee of RAMcap. It will incorporate the investment strategies now in deployment in the RAMcap ‘REDP’ portfolio which limits portfolio leverage to 2Xtimes. (The REDP portfolio has outperformed in March the benchmark XSOA index by 12.2%)