Record's bespoke mandate hit by currency headwinds

25th Aug 2015 09:53

(ShareCast News) - Specialist currency manager Record said forex headwinds had a negative impact on the size of a bespoke mandate.The group had previously indicated the size of the bespoke mandate had increased $1.75bn in the first quarter has in fact reduced by $2.8bn.Record added that the size of the mandate could continue to be volatile, although fee rates remained consistent with previously published guidance.Record shares were down 14.09% to 32.00p at 1006 BST on Tuesday.