29th Sep 2015 09:54
LONDON (Alliance News) - Currency manager Record PLC on Tuesday said it has secured a hedging mandate of about USD600.0 million with an unnamed client.
The company said the annualised fee rate for the mandate is expected to be in line with previous hedging work it has handled and is due to start by the end of this year.
Record said it will publish a trading update for the second quarter to the end of September on October 16.
Shares in Record were up 0.3% to 37.1201 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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