Edison Investment Research - Financials - Record: In its second-quarter update, Record reported a broadly stable figure for assets under management equivalent (AUME), but also included news of a noticeable passive hedging outflow due in Q319. While this prompts 3% and 9% reductions in our FY19 and FY20 EPS estimates, the group is seeing good opportunities to win new business and our estimates exclude both potential AUME inflows and performance fees.
ISIN: GB00B28ZPS36
Original Article: Record (REC) - Opportunities to offset hedging outflows