LONDON - Record plc, a specialist currency and asset management firm, has reported an increase in Assets Under Management (AUM) of $3.3 billion for the second quarter of the 2025 fiscal year, ending September 30, 2024. The company's AUM now stands at $106.0 billion, up from $102.7 billion at the end of the previous quarter.
The growth in AUM was attributed to positive foreign exchange movements, which helped to offset modest outflows in dynamic and passive hedging and the discontinuation of a custom interest rate swap portfolio. Despite these outflows, the company maintained its AUM growth trajectory.
Jan Witte, CEO of Record plc, stated that the company's performance remains in line with expectations. "The business has again demonstrated the strength of its unique range of currency management products with another quarter of AUM growth," Witte said, expressing confidence in Record's medium-term growth opportunities.
The company also reported that no performance fees were crystallized during the second quarter of 2025. However, the performance fees for the first half of the 2025 fiscal year amounted to £1.6 million, which is slightly ahead of the £1.5 million reported in the same period of the previous year. Record plc noted that the average fee rates during the quarter remained broadly unchanged from the previous quarter.
The increase in AUM is a key indicator of the company's financial health and its ability to attract and retain investors. Record plc's announcement reflects its position in the asset management industry and its continued focus on currency management products.
This financial update is based on a press release statement from Record plc. The information provided offers a snapshot of the company's performance and financial movements in the recent quarter, relevant to investors and market watchers.
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