Record Currency Management Secures $3.1 Billion in New FX Mandates

Record Currency Management has been awarded two new mandates of strategic importance. The total initial value of these new allocations exceeds $3 billion.

The firm added a $3 billion FX Alpha mandate and an $80 million FX Frontier mandate. These additions expand the firm’s absolute return and private markets capabilities.

FX Alpha Strategy Reaches $12 Billion

The new FX Alpha allocation is valued at $3 billion. This brings the total assets under management for this strategy to over $12 billion. The mandate is designed to complement existing currency risk management services.

Dr. Othman Boukrami, CEO of Record Currency Management, confirmed the size of the new allocation. He noted that this strategy is a key part of the firm’s absolute return offering. The new capital supports the growth of this specific product line.

Frontier Mandate Targets Sub-Saharan Africa

The FX Frontier mandate starts with an initial allocation of $80 million. The firm expects this figure to grow substantially over time. This strategy builds on the existing Emerging Markets Sustainable Finance framework.

The mandate supports sustainable projects in Sub-Saharan Africa. It extends the firm’s FX expertise into frontier markets. This move aligns with the group’s broader private markets pillar.

Growth Pillars Target Half of Revenue

Dr. Jan Hendrik Witte, CEO of Record Financial Group, stated the new mandates demonstrate the firm’s evolution. The absolute return and private markets pillars are targeted to represent around half of group revenue. This shift aims to provide an increasingly diversified income stream for the group.

Witte highlighted the speed of the mandate win as a strong endorsement of the firm’s capabilities. The new leadership is translating frontier market expertise into tangible results. These figures were reported by GN markets/fx (en-US) as part of the latest industry updates.