In a statement, Record reported
Record's dynamic hedging product line aims 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. Its passive hedging product line aims to eliminate fully or partially the economic impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies.
"It remains the case that many US investors have greater exposure now to foreign currencies than has historically been the case and, whilst interest in currency hedging observed since last summer has abated somewhat in the absence of pronounced US dollar appreciation, this interest could return quickly. We've also seen the re-emergence of interest in currency for return strategies, and we hope to build further on the recent flows into the
"Our currency management strategies continue to be of interest to potential clients and consultants in
Record shares were Friday up 1.4% at
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