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Record AuME rises
StockMarketWire.com
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Currency manager Record said at 31st December the Group's assets under management equivalents ("AuME") totalled $34bn (30th September 2012: $32.5bn).
AuME expressed in Sterling as at 31st December 2012 totalled £20.9 billion (30th September 2012: £20.1 billion).
Record saw an overall increase in AuME when expressed in both US Dollars and Sterling during the period between 30th September and 31st December 2012.
CEO, James Wood-Collins, commented: "Overall AuME increased once again during the period mainly due to increases in existing mandates.
"As we have previously stated, we are participating in a number of formal procurement processes, particularly for Passive Hedging in Switzerland. Whilst none of these were finalised in the quarter, we are hopeful that we will be successful in securing additional mandates before the end of the financial year.
"Similarly in North America we have continued to see encouraging engagement with prospective clients and investment consultants. Whilst the timing of any formal procurement processes is uncertain we are hopeful that further progress can be made in 2013."
Record will announce its fourth quarter trading update on 19th April 2013.
Story provided by StockMarketWire.com
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