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Record Dynamic Hedging Mandate Suspended Due To Potential Restructure
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.
Record Shares in this article
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