Background: refbomb
Okumaya devam et...
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| In 1994, Record did a survey on the importance of currency management by asking about 50 US pension funds. 40% of respondents regarded the currency component of their investments as unimportant in the long term. 62% of respondents stated they would require over 15% of assets in international investments before they would consider implementing a currency overlay program.<ref>{{Cite web |date=13 December 2006 |title=CURRENCY ISSUE LOW ON PENSION AGENDA |url=https://www.pionline.com/article/19950904/PRINT/509040714/currency-issue-low-on-pension-agenda |access-date=26 August 2023 |website=Pensions & Investments |language=en}}</ref> | In 1994, Record did a survey on the importance of currency management by asking about 50 US pension funds. 40% of respondents regarded the currency component of their investments as unimportant in the long term. 62% of respondents stated they would require over 15% of assets in international investments before they would consider implementing a currency overlay program.<ref>{{Cite web |date=13 December 2006 |title=CURRENCY ISSUE LOW ON PENSION AGENDA |url=https://www.pionline.com/article/19950904/PRINT/509040714/currency-issue-low-on-pension-agenda |access-date=26 August 2023 |website=Pensions & Investments |language=en}}</ref> |
| In November 2007, Record held its [[initial public offering]] on the [[London Stock Exchange]] to become a listed company and raised $183 million.<ref name=":5" /><ref name=":3" /><ref>{{Cite web |last=Symmons |first=Johanna |date=28 November 2007 |title=Record raises £88m in IPO |url=https://www.fnlondon.com/articles/record-raises-in-ipo-20071128 |website=Financial News}}</ref> | In November 2007, Record held its [[initial public offering]] on the [[London Stock Exchange]] to become a listed company and raised $183 million.<ref name=":3" /> |
| In the mid-2000s, currency overlay was a popular strategy as foreign investors in US equities hedged against a weakening USD. However between 2008 and 2009. Record last almost half its [[assets under management]] due to the [[2007–2008 financial crisis]] that resulted in interest rate compression and risk averse investors unwinding their [[Carry (investment)#Currency carry trade|currency carry trades]] which Record relied on. Before the financial crisis, 50% of clients were using return-seeking strategies while afterwards only 10% continued to do so.<ref name=":5" /><ref name=":1" /><ref name=":4">{{Cite web |last=Baker |first=Sophie |date=18 November 2011 |title=Global market falls hit currency manager |url=https://www.fnlondon.com/articles/record-currency-management-global-markets-profit-20111118 |website=Financial News}}</ref> | In the mid-2000s, currency overlay was a popular strategy as foreign investors in US equities hedged against a weakening USD. However between 2008 and 2009. Record last almost half its [[assets under management]] due to the [[2007–2008 financial crisis]] that resulted in interest rate compression and risk averse investors unwinding their [[Carry (investment)#Currency carry trade|currency carry trades]] which Record relied on. Before the financial crisis, 50% of clients were using return-seeking strategies while afterwards only 10% continued to do so.<ref name=":5" /><ref name=":1" /><ref name=":4">{{Cite web |last=Baker |first=Sophie |date=18 November 2011 |title=Global market falls hit currency manager |url=https://www.fnlondon.com/articles/record-currency-management-global-markets-profit-20111118 |website=Financial News}}</ref> |
Okumaya devam et...