Currency manager Record slips back into net outflows in Q4


Reuters

LONDON–Currency manager Record slipped back into net outflows in the fourth quarter as clients withdrew money from its entire product range on the back of disappointing performance.

After gaining mandates in the previous quarter, Record posted a total of US$1 billion outflows in the three months to March 31 but this was neutralized by exchange rate movements and positive global markets that also boosted assets by US$1 billion.