Record’s Q320 update was positive, with a 4% inflow of assets under management equivalent (AUME) and the crystallisation of a performance fee in the period. AUME flows have now been positive since Q120, totalling $4.5bn (+8%) over nine months. The performance fees in this quarter follow on from a material contribution during FY19, reflecting value added for clients. Record continues to innovate and invest to counter competitive pressure, which has contributed to broadly stable managemen
22 Jan 2020
Record - Positive AUME flows and performance fees
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Record - Positive AUME flows and performance fees
Record plc (REC:LON) | 62.0 -2.2 (-5.7%) | Mkt Cap: 123.4m
- Published:
22 Jan 2020 -
Author:
Andrew Mitchell -
Pages:
5
Record’s Q320 update was positive, with a 4% inflow of assets under management equivalent (AUME) and the crystallisation of a performance fee in the period. AUME flows have now been positive since Q120, totalling $4.5bn (+8%) over nine months. The performance fees in this quarter follow on from a material contribution during FY19, reflecting value added for clients. Record continues to innovate and invest to counter competitive pressure, which has contributed to broadly stable managemen