Record PLC - Windsor, England-based currency and derivatives manager - Says assets under management equivalent rose to USD99.5 billion in the third quarter of the year ending March 31. This is an 18% increase from GBP84.5 billion at September 30. Year-to-date AuMe have surged 13%, it adds. Quarterly net inflows are USD7.9 million, and 6.9 billion in the nine months to December 31. Meanwhile, performance fees in the third quarter were GPB3.5 million, and GBP5.0 million in the year to date. Looking ahead, Record says it is making progress towards the launch of its first infrastructure fund. Record will announce its fourth quarter trading update on April 26, and its financial results for the year ending March 31 on June 28.
Current stock price: 70.59 pence, up 6.6%
12-month change: down 27%
By Sabrina Penty, Alliance News reporter
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Record (REC)