7th 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; [email protected]; @samuelagini
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