Record PLC on Friday announced a 0.4% increase in its quarterly assets under management to $102.6 billion at June 30 from $102.2 billion at the end of March.

Record is a Windsor, England-based specialist currency and asset manager.

Record said it earned £1.6 million in performance fees during the quarter.

Chief Executive Officer Jan Witte commented: ‘A solid start to the year with another quarter of strong performance fees and stable AuM as asset growth offset modest outflows. I remain confident that the renewed focus we have on a core suite of six product categories, where our offering and value-add is unique, positions us well for medium and long-term growth, and we are continuing our work in this respect’.

Record will announce results for the second quarter on October 25.

Record shares were up 2.2% to 67.98 pence per share in London on Friday morning.

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