Record Plc AUME grew by 8% for the three months ended 31st December 2019

  • Jan 17, 2020 GMT
  • Team Kalkine

Record Plc (LON: REC) has released the trading update for the three months ended 31st December 2019.

  • The company’s AUME (Assets under management equivalents) as at 31st December 2019, grew by 8 per cent over the period to US $64.7 billion.
  • For the reported period, the company had a net inflow of US $2.5 billion, which as previously announced included US $1.0 billion related to a tactical bespoke mandate.
  • Highlighting the company’s ability to add value to mandates, it earned a performance fee of £1.8 million during the reported period.
  • On 17th January 2020, at the time of writing, GMT 08:33 AM, REC shares were trading at GBX 41.00, up by 2.00 points or 5.13% against the previous day closing price.

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