Business
FOURTH QUARTER TRADING UPDATE
FOURTH QUARTER TRADING UPDATE.
About this update from Record Plc
[{"type":"text","content":"\n RNS Number : 4242K Record PLC 20 April 2010 \n \n\nRECORD PLC\nFOURTH QUARTER TRADING UPDATE\nRecord plc (\"Record\" or the \"Company\"), the specialist currency investment manager, announces today that as at 31st March 2010 the Group's assets under management equivalents (\"AuME\") totalled $34.0 billion (31st December 2009: $35.7 billion). \n \nAuME expressed in Sterling as at 31st March 2010 totalled £22.4 billion (31st December 2009: £22.1 billion). \n \nThe Board anticipates that pre tax profits will be in line with market expectations for the financial year ended 31st March 2010.\n \n1 AuME composition\n \nAlthough AuME expressed in US Dollars declined during the period between 31st December 2009 and 31st March 2010, Record saw a marginal increase to AuME when expressed in Sterling. The composition of AuME at 31st March 2010 was as follows:\n \n\n\n\n\nAuME $ bn\n\n\n\n\n\n\n\n31st March 2010\n\n\n31st December 2009\n\n\n\n\nAbsolute Return\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Segregated\n\n\n3.6\n\n\n\n\n\n4.0\n\n\n\n\n\n\n\n Pooled\n\n\n4.0\n\n\n\n\n\n5.3\n\n\n\n\n\n\n\nAbsolute Return Sub Total\n\n\n\n\n\n7.6\n\n\n\n\n\n9.3\n\n\n\n\nActive Hedging\n\n\n\n\n\n12.0\n\n\n\n\n\n11.6\n\n\n\n\nPassive Hedging\n\n\n\n\n\n13.5\n\n\n\n\n\n13.5\n\n\n\n\nCash & Futures\n\n\n\n\n\n0.9\n\n\n\n\n\n1.2\n\n\n\n\nTotal\n\n\n\n\n\n34.0\n\n\n\n\n\n35.7\n\n\n\n\n \n2 AuME MOVEMENT \n \nNet client AuME flows in the three months to 31st March 2010 by product were as follows:\n \n\n\n\n\n Net client AuME flows - $ bn\n\n\n\n\n\n\n\n3 mths to 31st March 2010\n\n\n3 mths to 31st December 2009\n\n\n\n\nAbsolute Return\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Segregated\n\n\n(0.3)\n\n\n\n\n\n(0.3)\n\n\n\n\n\n\n\n Pooled\n\n\n(0.7)\n\n\n\n\n\n(0.6)\n\n\n\n\n\n\n\nAbsolute Return Sub Total\n\n\n\n\n\n(1.0)\n\n\n\n\n\n(0.9)\n\n\n\n\nActive Hedging\n\n\n\n\n\n-\n\n\n\n\n\n0.4\n\n\n\n\nPassive Hedging\n\n\n\n\n\n(0.1)\n\n\n\n\n\n-\n\n\n\n\nCash & Futures\n\n\n\n\n\...