Record Currency Management Ltd, the UK currency management arm of London-listed Record Financial Group, has been awarded two new mandates of strategic importance, an FX Alpha mandate and an FX Frontier mandate. The new FX Alpha allocation reflects a mandate size of USD 3bn and is tailored to complement the investor's existing currency risk management mandate with Record, taking total assets under management in the FX Alpha product to over USD 12bn. The new FX Frontier mandate is expected to grow substantially from an initial allocation of USD 80m, building on Record's existing Emerging Markets Sustainable Finance strategy and supporting sustainable projects in Sub-Saharan Africa. Record Financial Group manages over USD 122 billion of assets for institutional clients worldwide, with offices in London, Hamburg, Zurich, Zug, New York, and Hong Kong. CEO of Record Currency Management Dr Othman Boukrami said the FX Frontier mandate marks an important development extending Record's FX expertise into Sub-Saharan Africa, while CEO of Record Financial Group Dr Jan Hendrik Witte said both wins demonstrate the continued evolution of RCM and its contribution to the Group's Absolute Return and Private Markets pillars.
Record PLCRecord Currency Management won two new mandates — a USD 3bn FX Alpha allocation and an initial USD 80m FX Frontier mandate — expanding its client assets.
