- Currency manager Record said its assets under management equivalents fell in the March quarter due to global market movements.

Assets under management at 31 March totaled $62.2bn, down from $63.9bn at the end of December.

Expressed in sterling they amounted to £44.3bn at 31 March, down from £47.3bn at 31 December.

No performance fees were earned in the quarter, the company said.

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