Record enjoying good growth as its diversifies its offerings into higher-margin areas

Record is a leading currency management firm with assets under management for pension funds, foundations and other institutional clients worldwide.

Our focus is on developing a deep understanding of the risk and reward opportunities in currency markets, in order to offer clients the most appropriate solutions to their needs.

(), the specialist currency and derivatives manager, saw client numbers grow 2% in the third quarter of 2021 to 89 from 87.

Assets under management equivalents (AUME) as at 30 September 2021 totalled US$84.1bn, little changed from US$84.5bn at the end of June. In sterling terms, AUME rose to GBP62.4bn from GBP61.2bn three months earlier.

Management highlighted growth of US$75mln in the new Record Emerging Markets (EM) Sustainable Fund and net inflows of US$600m in the higher-margin Dynamic Hedging product.

Net inflows totalled US$0.1bn, with inflows into the Dynamic Hedging product offset by outflows from Passive Hedging.

Record PLC (LSE:REC), the specialist currency and derivatives manager, saw assets under management equivalents (AUME) grow 5% in the April-June quarter.

AUME at the end of June stood at US$84.5bn, up from US$80.1bn at the end of March, with net inflows during the quarter – the first of the company’s fiscal year – totalling US$1.8bn. This was split evenly between currency for return and passive hedging strategies.

Record PLC (LON:REC) maintained its ordinary dividend and declared an increased special dividend after assets under management reached their highest level over the past year.

The currency and derivatives manager said it continues to develop new products in collaboration with clients and by the end of this month will launch the Record EM Sustainable Finance Fund alongside one of the largest wealth managers in Switzerland.

Record PLC (LON:REC) CEO Leslie Hill joins Proactive London’s Katie Pilbeam to explain their collaboration with UBS Global Wealth Management for its newly launched Emerging Market Sustainable Finance Fund.

As Hill explains both managers seek to provide innovation in sustainable investments via exposure to emerging market local currencies.

The fund aims for an attractive, reliable return, with the additional benefit of daily liquidity. The fund size at launch will be approximately US$750mln.