21st Jan 2022 11:10
(Alliance News) - Record PLC said on Friday said its assets under management and equivalents rose sightly during its third-quarter, but noted that fee rates remained flat and no performance fee was earned.
The Windsor, England-based currency and derivatives manager stated that its assets under management equivalents as at December 31 totalled USD85.3 billion.
This represents a slight 1.4% increase from the USD84.1 billion its assets amounted to at the end of its second-quarter on September 30.
Record put this down to increased inflows in its Dynamic Hedging and Passive Hedging assets during the third quarter.
In Dynamic Hedging, inflows grew 12% to USD11.5 billion quarter-on-quarter from USD10.3 billion. In its Passive Hedging arm, asset inflows increased by 1.3% to USD63.8 billion from USD63.0 billion.
Nonetheless, fee rates remained broadly flat and no performance fees were earned during the quarter.
Record plans to publish its results for the year ending March 31 on June 21.
Shares in the company were down 2.2% at 79.20 pence each on Friday morning in London.
By Abby Amoakuh; [email protected]
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