Notice of Interim Management

RNS Number : 3806O

Record PLC

01 July 2010

 

1 July 2010

Record plc

('Record' or the 'Group')

Notice of Interim Management Statement

Record plc, the specialist currency investment manager, will be releasing the first quarter's interim management statement for the period 1 April 2010 to 30 June 2010 on Friday 16 July 2010.

ENDS

For further information, please contact:

Hogarth Partners                                                [phone]

Nick Denton, John Olsen, Vicky Watkins

Notes to Editors

Record plc

Record is a specialist currency investment manager and provider of currency hedging services for institutional clients. Founded in 1983, Record has established a market leading position as a currency asset manager. Specifically, the Group has a leading position in managing currency for Absolute Return for institutional clients.

The Group has three principal product lines:

-      currency for Absolute Return, in which Record enters into currency contracts for clients with the objective of generating positive returns;

-     active hedging, where Record seeks to eliminate the impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies when these movements are expected to result in an economic loss to the client, but not to do so when they are expected to result in an economic gain; and

-      passive hedging, where Record seeks to eliminate fully the economic impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies.

Record (LSE: REC) was admitted to trading on the London Stock Exchange on 3^rd December 2007.

 

END

 

 

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