Record PLC announced assets under management (AUM) reached a record $115.9 billion at year-end, up from $110.3 billion in September. The U.K.-based currency manager credited positive net inflows and underlying asset growth, partially offset by foreign-exchange movements.

The quarter marked strong inflows into its Passive Hedging strategies, with FX Alpha seeing a second consecutive quarter of net inflows. Record generated £1.6 million in performance fees for the three months, lifting year-to-date fees to £2.4 million, though this is slightly below the £2.9 million from the prior year.

CEO Jan Witte stated the AUM milestone reflects sustained demand for its hedging and alpha strategies. The firm maintained its earnings expectations for the current financial year, suggesting confidence in its fee-based revenue model despite broader market volatility.