Notice of Interim Management Statement
01 Juli 2010 - 8:00AM
UK Regulatory
TIDMREC
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 +44 207 357 9477
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 3rd
December 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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