viewRaffles Financial Group Limited

Raffles Financial Group partners with Red Oak Capital to offer financial advice

The group's subsidiary Raffles Financial Pte Ltd will provide financial advice to supplement and align the overall direction of Red Oak Multi-Asset (ROMA) Elite Strategy

Raffles Financial Group Limited -
The main aim is to achieve 12% per annum performance for ROMA

Raffles Financial Group Limited (CSE:RICH) announced on Tuesday that it had been hired as an investment advisor for Red Oak Capital's Red Oak Multi-Asset (ROMA) Elite Strategy.

The group's subsidiary Raffles Financial Pte Ltd will provide financial advice to supplement and align the overall direction of ROMA, which seeks to consistently generate positive returns from investing in bonds, equities, forex and financial instruments on companies that are going public through an IPO/RTO and may have a daily mark-to-market value.

READ: Raffles Financial Group inks partnership with Bank of Montreal Private Bank Asia to service high net worth individuals 

The aim is to achieve 12% per annum performance and the target for the first tranche will be US$100 million, which is anticipated to grow to US$1 billion within the next 18 months.

"Red Oak Capital Investment Team achieved over 36% net annualized return in 2019 and we are honored to join this team of high-performance professionals," noted Dr Charlie In, the chairman of Singapore-based Raffles Financial in a statement.

"We look forward to contributing to ROMA with Raffles Financial's expertise and experience in identifying high growth investments."

Martin Lim, the founder of Red Oak Capital added: "We are delighted to have Raffles Financial as the investment advisor and their counsel especially on investments with stable dividend payouts and accelerated growth potential."

ROMA will be distributed only to accredited investors mainly in Asia with focus on China, Raffles said.

Contact the author at giles@proactiveinvestors.com 

Quick facts: Raffles Financial Group Limited

Price: 7.75 CAD

Market: CSE
Market Cap: $388.12 m

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