Press release

NEW LIQUID MUNICIPAL LOAN FUND LAUNCH

Date 17/01/2022

  • #
  • #
  • #

17 January 2022

RNS Number: 5322Y

 

RECORD PLC

New Liquid Municipal Loan Fund Launch

Record plc ("Record" or "the Company"), the specialist currency and derivatives manager, is pleased to announce the launch of a new private debt fund, EDS Universal KOMMUNALIS+ Liquidität Short Term (“KOMMUNALIS+”), investing primarily in municipal loans. Record will be acting as asset manager, in partnership with technology investment specialists European Debt Solutions (“EDS”) and leading European fund service provider, Universal-Investments Group (“Universal”).

The new technologically-enabled alternative investment fund aims at achieving returns of 60 basis points (0.60%) over Euribor, with two-month liquidity, by investing in short-term loans to European Municipalities and adding short-term receivables from investment grade EU corporates. The fund utilises EDS’s innovation and Universal’s expertise to provide a highly efficient fund service platform for European investors.

The fund is an open ended special AIF, registered in Luxembourg.

Leslie Hill, CEO, Record plc, said: “We are looking forward to the launch of KOMMUNALIS+ in cooperation with our partners EDS and Universal, and are proud of our role as asset manager. The fund is unique in its structure and tailored precisely to the needs of German institutional investors. The advantages of the platform economy impressively demonstrate how technological progress leads to efficiency improvements along the value chain and thus benefits the end investor. The new fund is a further building block in our ongoing expansion into innovative areas that meet the needs of our clients while also representing a further step in our planned expansion into the valuable European institutional market, where Record is well regarded and has a growing presence.”

 

For further information, please contact:

 

Record plc                                                                             Tel: +44 (0) 1753 852 222

Leslie Hill, Chief Executive Officer

Steve Cullen, Chief Finance Officer

 

Buchanan                                                                               Tel: +44 (0) 20 7466 5163

Giles Stewart                                                                         record@buchanan.uk.com

Victoria Hayns

Henry Wilson

George Beale

Notes to Editors

 

Record plc

 

Record plc, founded in 1983, is an independent specialist currency and derivatives manager who has a market leadership position in managing currency hedging, currency for return and financial derivatives for institutional clients. Record (LSE: REC) was admitted to trading on the London Stock Exchange on December 3, 2007.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

Want the latest insights delivered to your inbox?

Subscribe now

Latest insights

NEW LIQUID MUNICIPAL LOAN FUND LAUNCH
Date 17/01/2022

17 January 2022 RNS Number: 5322Y   RECORD PLC New Liquid Municipal...

Open link here
INVESTMENT IN WORLD BANK SUSTAINABLE BOND
Date 20/12/2021

Investment in World Bank Sustainable Bond RECORD PLC   RNS Number :...

Open link here
BUSINESS UPDATE
Date 01/07/2021

Business Update RNS Number : 4003D Record PLC 29 June 2021  ...

Open link here
SENIOR APPOINTMENT
Date 25/02/2020

Record plc (“Record” or “the Company”), the specialist currency manager, is pleased...

Open link here
TWO THIRDS OF CANADIAN INVESTORS EXPECT USMCA TO...
Date 16/10/2019

Nearly two thirds (64%) of Canadian institutional investors expect the USMCA trade...

Open link here
RECORD CURRENCY MANAGEMENT EXPANDS NORTH AMERICAN OFFICE
Date 08/05/2019

Record Currency Management (“Record”), the specialist currency manager, is pleased to announce...

Open link here
RECORD CURRENCY MANAGEMENT DEVELOPS ESG DATABASE AND CURRENCY...
Date 06/11/2018

Record Currency Management (“Record”)today announces it hasdeveloped a method of improving the...

Open link here
RECORD CURRENCY MANAGEMENT LAUNCHES PLSA CURRENCY ‘MADE SIMPLE’...
Date 17/10/2018

Record Currency Management Limited (“Record”), the specialist currency manager, today launches a...

Open link here
RECORD CURRENCY MANAGEMENT ENGAGES NEW CHANGE FX
Date 26/09/2018

Record Currency Management Limited (“Record”), the specialist currency manager, is pleased to...

Open link here
RECORD CURRENCY MANAGEMENT EXTENDS RELATIONSHIP WITH WISDOMTREEAND INTRODUCES...
Date 19/09/2018

Record Currency Management Limited (“Record”), the specialist currency manager, is pleased to...

Open link here
Back to Top
Loading...