If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRecord Share News (REC)

Share Price Information for Record (REC)

Share Price is delayed by 15 minutes
Get Live Data
43.40    -1.20 (-2.69%)
Bid:
43.00
Ask:
43.30
Spread: 0.30 (0.698%)
Market Cap: £84.75m
REC Live PriceLast checked at - London Stock Exchange

Intraday Record Share Chart

Record Dynamic Hedging Mandate Suspended Due To Potential Restructure

Thu, 07th Jan 2016 08:17

LONDON (Alliance News) - Currency manager Record PLC on Thursday said a dynamic hedging mandate it won in September 2015 has been suspended due to a potential restructuring.

The assets under management equivalents attributed to the mandate amounted to USD500.0 million at the end of 2015.

The annualised fee rate on the mandate is "consistent" with Record's standard dynamic hedging management fee scales, the company said.

Shares in Record were down 13% at 24.00 pence on Thursday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2016 Alliance News Limited. All Rights Reserved.

Related News

IN BRIEF: Braemar names former Record CFO as finance chief
25 Jun 2026

IN BRIEF: Braemar names former Record CFO as finance chief

Braemar PLC - London-based provider of investment, chartering and risk management advice - Appoints Richard Heading as its new chief financial officer...

Record cuts final dividend as pretax profit declines
19 Jun 2026

Record cuts final dividend as pretax profit declines

(Alliance News) - Record PLC on Friday reported decreased profit and revenue for its latest year, but said it has "strong momentum" for the current on...

Record reports lower annual profits despite rise in AuM
19 Jun 2026

Record reports lower annual profits despite rise in AuM

(Sharecast News) - Record reported lower annual profits on Friday despite a sharp rise in assets under management, as reduced performance fees, mandat...

Record News

IN BRIEF: Braemar names former Record CFO as finance chief
25 Jun 2026

IN BRIEF: Braemar names former Record CFO as finance chief

Braemar PLC - London-based provider of investment, chartering and risk management advice - Appoints Richard Heading as its new chief financial officer...

Record cuts final dividend as pretax profit declines
19 Jun 2026

Record cuts final dividend as pretax profit declines

(Alliance News) - Record PLC on Friday reported decreased profit and revenue for its latest year, but said it has "strong momentum" for the current on...

Record reports lower annual profits despite rise in AuM
19 Jun 2026

Record reports lower annual profits despite rise in AuM

(Sharecast News) - Record reported lower annual profits on Friday despite a sharp rise in assets under management, as reduced performance fees, mandat...

WINNERS & LOSERS: Sunda receives regulator notice, Record cuts payout
19 Jun 2026

WINNERS & LOSERS: Sunda receives regulator notice, Record cuts payout

(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Friday.

IN BRIEF: Record maintains guidance after another quarter of inflows
24 Apr 2026

IN BRIEF: Record maintains guidance after another quarter of inflows

Record PLC - Windsor, England-based specialist currency and asset manager - Record says its full year earnings expectations remain unchanged despite g...

LONDON BRIEFING: UK retail sales rise; Computacenter ups 2026 outlook
24 Apr 2026

LONDON BRIEFING: UK retail sales rise; Computacenter ups 2026 outlook

(Alliance News) - UK retail sales volumes rise in March, Computacenter expects to "comfortably" beat expectations and North American Income Trust outp...

IN BRIEF: Record's Swiss pension vehicle co-invests in NorthC
30 Mar 2026

IN BRIEF: Record's Swiss pension vehicle co-invests in NorthC

Record PLC - Windsor, England-based specialist currency and asset manager - Subsidiary Record Asset Management GmbH commits to its third infrastructur...