Record Share News (REC)

Record Information

Share Price Information for Record (REC)

Share Price is delayed by 15 minutes

Get Live Data

42.70 -0.70 (-1.61%)

Bid:

42.60

Ask:

43.40

Spread: 0.80 (1.878%)

Market Cap: £83.38m

Last checked at -

Intraday Record Share Chart

REMOVE ADS

Record Assets Under Management Up On Good Passive Hedging Performance

Fri, 22nd Jan 2016 07:36

LONDON (Alliance News) - Specialist currency manager Record PLC on Friday said its assets under management equivalent increased in the third quarter to the end of December, as growth in its passive hedging and currency for return mandates offset a fall in dynamic hedging.

Record said its total assets under management equivalent increased to USD53.5 million at the end of December from USD53.3 billion at the end of September.

Dynamic hedging mandate assets dipped to USD8.2 billion from USD8.7 billion, but this was offset by passive hedging assets rising to USD42.3 billion from USD42.1 billion and currency for return assets rising to USD2.8 billion from USD2.3 billion.

The dip was driven by exchange rate movements and offset by client inflows and stock market increases, Record said.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance