Third-quarter AuM up five per cent for Record

Specialist currency manager Record has unveiled its third-quarter results for the period ending September 30th, revealing a five per cent rise in its assets under management equivalents.The group's assets under management equivalents totaled $34bn (£20.9bn), up from $32.5bn (£20.1bn) in the previous quarter.Assets under management equivalents in the Dynamic Hedging rose to $10.3bn from $9.9bn in the previous quarter. Passive hedging rose to $22.1bn from $21bn.Currency for Returns remained flat at $1.5bn and cash and future also remained flat at $0.1bn.The company reported that it had two more clients at the end of the quarter with 45 compared to 43 in the previous quarter.MF Record