What the company does
Record is a leading currency management firm, with assets under management for pension funds, foundations and other institutional clients worldwide.
How it is doing
Record PLC (LON:REC), the currency and derivatives manager, saw assets under management equivalents (AUME) rise by 37% in the year to the end of March.
AUME rose to a record level of US$80.1bn (£57.8bn) at the end of the company’s fiscal year, helped by net inflows of US$9.7bn.
The asset management firm saw diversified AUME net inflows in the year of US$2.1bn into Passive Hedging and across its higher-margin Dynamic Hedging (US$6.6bn) and Multi-Product (US$1.0bn) strategies.
What the boss says: Leslie Hill, the chief executive
"Our business has continued to grow and evolve in line with our strategy of accelerated growth, planning for generational change and adding value for our stakeholders.”
"Good progress has been made on developing the new EM Sustainable Finance fund, which we now expect to launch in the current quarter, slightly later than originally planned, with an initial size anticipated to be between US$200mln and US$500mln.
“This product has been developed in collaboration with one of the largest wealth managers in Switzerland, and offers higher margins, product diversification benefits and underscores our capabilities in the fast-growing sector of ESG and sustainable investment, an area of our business that we aim to grow and develop going forward,” he added.