Record PLC New Liquid Municipal Loan Fund Launch
17 Januar 2022 - 8:30AM
RNS Non-Regulatory
TIDMREC
Record PLC
17 January 2022
17 January 2022
RECORD PLC
New Liquid Municipal Loan Fund Launch
Record plc ("Record" or "the Company"), the specialist currency
and derivatives manager, is pleased to announce the launch of a new
private debt fund, EDS Universal KOMMUNALIS+ Liquidität Short Term
("KOMMUNALIS+"), investing primarily in municipal loans. Record
will be acting as asset manager, in partnership with technology
investment specialists European Debt Solutions ("EDS") and leading
European fund service provider, Universal-Investments Group
("Universal").
The new technologically-enabled alternative investment fund aims
at achieving returns of 60 basis points (0.60%) over Euribor, with
two-month liquidity, by investing in short-term loans to European
Municipalities and adding short-term receivables from investment
grade EU corporates. The fund utilises EDS's innovation and
Universal's expertise to provide a highly efficient fund service
platform for European investors.
The fund is an open ended special AIF, registered in
Luxembourg.
Leslie Hill, CEO, Record plc, said: "We are looking forward to
the launch of KOMMUNALIS+ in cooperation with our partners EDS and
Universal, and are proud of our role as asset manager. The fund is
unique in its structure and tailored precisely to the needs of
German institutional investors. The advantages of the platform
economy impressively demonstrate how technological progress leads
to efficiency improvements along the value chain and thus benefits
the end investor. The new fund is a further building block in our
ongoing expansion into innovative areas that meet the needs of our
clients while also representing a further step in our planned
expansion into the valuable European institutional market, where
Record is well regarded and has a growing presence."
For further information, please contact:
Record plc Tel: +44 (0) 1753 852 222
Leslie Hill, Chief Executive Officer
Steve Cullen, Chief Finance Officer
Buchanan Tel: +44 (0) 20 7466 5163
Giles Stewart record@buchanan.uk.com
Victoria Hayns
Henry Wilson
George Beale
Notes to Editors
Record plc
Record plc, founded in 1983, is an independent specialist
currency and derivatives manager who has a market leadership
position in managing currency hedging, currency for return and
financial derivatives for institutional clients. Record (LSE: REC)
was admitted to trading on the London Stock Exchange on December 3,
2007.
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