Record’s average assets under management equivalent (AUME) were stable in the first half. Management fees were modestly lower as a result of a mix change towards lower management fee rate products, although some of these are capable of earning performance fees. Evidencing the potential to offset management fees forgone, the period saw crystallisation of a performance fee which allowed profit to increase by over 6%. For the future Record’s continued focus on new and enhanced produc
04 Dec 2018
Record - Broadening product and generating interest
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Record - Broadening product and generating interest
Record plc (REC:LON) | 61.1 -1.7 (-4.4%) | Mkt Cap: 121.6m
- Published:
04 Dec 2018 -
Author:
Andrew Mitchell -
Pages:
8
Record’s average assets under management equivalent (AUME) were stable in the first half. Management fees were modestly lower as a result of a mix change towards lower management fee rate products, although some of these are capable of earning performance fees. Evidencing the potential to offset management fees forgone, the period saw crystallisation of a performance fee which allowed profit to increase by over 6%. For the future Record’s continued focus on new and enhanced produc