Second Quarter Trading Update
Record plc reported a strong second quarter with assets under management (AUM) reaching a new high of $130.3 billion as of September 30, 2026, an increase of 7% from the previous quarter. This growth was primarily driven by $10.4 billion in net inflows, particularly from new mandates in Absolute Return and Private Markets, marking the fifth consecutive quarter of positive net flows. The company also crystallized £2.2 million in performance fees in the first half of fiscal year 2027, up from £0.8 million in the prior year, with overall performance remaining in line with full-year expectations.
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Record plc ("Record", the "Company" or the "Group"), the specialist asset manager, is pleased to announce its trading update for the three months ended 30 September 2026.
AUM composition
Assets under management ("AUM") at 30 September 2026 totalled $130.3 billion (30 June 2026: $122.0 billion), an increase of 7% in the quarter. The composition of and changes to AUM by product pillar were as follows:
| Risk Management | Absolute Return | Private Markets | Total | |
|---|---|---|---|---|
| $bn | $bn | $bn | $bn | |
| 30 June 2026 | 98.7 | 4.4 | 18.9 | 122.0 |
| Net flows | (0.3) | 9.8 | 0.9 | 10.4 |
| Asset movement | (0.1) | - | - | (0.1) |
| FX movement | (2.4) | 0.4 | - | (2.0) |
| 30 September 2026 | 95.9 | 14.6 | 19.8 | 130.3 |
At the end of the quarter, the Group also held undeployed commitments of $1.1 billion (30 June 2026: $1.2 billion) and assets under advisory1 of $0.4 billion (30 June 2026: $0.4 billion) within Private Markets.
Jan Witte, CEO of Record plc commented:
"I am pleased to report another quarter of strong growth for Record, with AUM reaching a new high of $130.3 billion. The $10.4 billion net inflows were driven mainly by new mandates within Absolute Return and Private Markets. This marks a fifth consecutive quarter of positive net flows for the Group. This was partially offset by underlying asset movements and impacts from foreign exchange movements.
Alongside this growth in AUM, we crystallised performance fees of £2.2 million in H1 FY27 (H1 FY26: £0.8 million). Performance across the Group remains in line with expectations for the full year.
We will give further details on Group performance in our interim results for the six months ended 30 September 2026, which will be announced on 6 November 2026."
- Assets under advisory represent client assets for which the Group earns recurring fees but is not the appointed investment manager.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.