REC Record Plc

 

TIDMREC 
 
RNS Number : 3028U 
Record PLC 
23 June 2009 
 

 
 
23 June 2009 
 
 
FTSE Group partners with Record plc to create new Currency Index Series 
 
 
Hong Kong, London and New York, 23rd June 2009: FTSE Group ("FTSE"), the award 
winning global index provider and Record plc ("Record"), the specialist currency 
investment manager, today announce the signing of a co-operation agreement for 
the creation of a new range of innovative currency Forward Rate Bias (FRB) 
indices. The indices will aim to provide investors with a passively managed and 
transparent benchmark for currency FRB returns, used for portfolio construction, 
index-tracking and benchmarking. 
 
 
Mike Bruno, Head of Fixed Income at FTSE Group, said of the initiative, 
"This new co-operation combines FTSE's global brand equity, track record in 
strategic partnerships and renowned indexing expertise with Record's 
comprehensive knowledge of currency investment management. In the current 
market, investors are increasingly seeking transparency and diversified 
portfolios and investors can continue to depend on FTSE for leading and 
innovative investment tools." 
 
 
Neil Record, Chairman and CEO of Record, said "We are delighted to be working 
with FTSE on this important development in currency investment management. Our 
experience in managing enhanced and risk-controlled FRB investment strategies, 
allied with our extensive research and analysis, has convinced us that the 
currency forward rate bias is a fundamental and sustainable return stream. We 
believe this is the beginning of a transition from an 'alpha' to 'beta'. We look 
forward to working further with FTSE to develop these currency indices, and with 
investors around the world to develop new currency investment management 
products." 
 
 
FTSE and Record are currently working together on developing the currency 
indices with the launch being announced soon. More information about FTSE and 
its global offering can be found at www.ftse.com and about Record at 
www.recordcm.co.uk 
 
 
-Ends- 
 
 
 
 
Additional information: 
 
 
For more information please contact: 
 
 
FTSE Group 
New York 
Jill Mathers, Tel: + 1 212 641 6166 or email media@ftse.com 
London 
Sabrina Bhangoo/ Mittal Dave Tel: + 44 207 866 1821 or email media@ftse.com 
Hong Kong 
Meredith Blakemore/ Emily Mok, Tel: +852 2230 5800  or email media@ftse.com 
 
 
Record plc 
Neil Record / Carl Beckley / James Wood-Collins: Tel +44 (0) 1753 852 222 
 
 
Hogarth Partnership: Nick Denton / Julian Walker Tel +44 (0) 207 357 9477 
 
 
Notes to Editors 
 
 
About FTSE Group 
FTSE Group ("FTSE") is a world-leader in the creation and management of indexes. 
With offices in Boston, Beijing, London, Frankfurt, Hong Kong, Madrid, New York, 
Paris, San Francisco, Sydney, Shanghai and Tokyo, FTSE works with investors in 
77 countries globally. It calculates and manages a comprehensive range of 
equity, fixed income, real estate and investment strategy indices, on both a 
standard and custom basis. The company has collaborative arrangements with a 
number of stock exchanges, trade bodies and asset class specialists around the 
world. 
 
 
FTSE indexes are used extensively by investors world-wide for investment 
analysis, performance measurement, asset allocation, portfolio hedging and for 
creating a wide range of index tracking funds. 
 
 
 
 
 
 
About Record plc 
Record plc (including its subsidiaries, "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, Record has a leading position in managing 
currency for Absolute Return for institutional clients. 
 
 
Record 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 3rd 
December 2007. 
 
 
This announcement includes information with respect to Record's financial 
condition, its results of operations and business, strategy, plans and 
objectives. All statements in this document, other than statements of historical 
fact, including words such as "anticipates", "expects", "intends", "plans", 
"believes", "seeks", "estimates", "may", "will", "continue", "project" and 
similar expressions, are forward-looking statements. 
 
 
These forward-looking statements are not guarantees of Record's future 
performance and are subject to risks, uncertainties and assumptions that could 
cause the actual future results, performance or achievements of Record to differ 
materially from those expressed in or implied by such forward-looking 
statements. 
 
 
The forward-looking statements contained in this document are based on numerous 
assumptions regarding Record's present and future business and strategy and 
speak only as at the date of this announcement. 
 
 
Record expressly disclaims any obligation or undertaking to disseminate any 
updates or revisions to any forward-looking statements contained in this 
announcement whether as a result of new information, future events or otherwise. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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