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IN BRIEF: Record hails record assets under management

ALN

Record PLC - specialist currency and asset manager - Reports assets under management rose to a record $110.3 billion at September 30, the end of its second financial quarter and up 2.2% from $107.9 billion three months earlier, supported by growth in underlying assets and marginally positive net flows of around $100 million. Record also completed its first €100 million investment from its Infrastructure Equity fund and generated around £500,000 in quarterly performance fees. Average fee rates were broadly unchanged, and Chief Executive Officer Jan Witte says the company’s AuM ‘ended the quarter at the highest level we have ever reported.’

Current stock price: 58.75 pence each, up 4.2% on Friday morning in London

12-month change: down 6.2%

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