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Record plc (LSE: REC) is a UK-based specialist currency manager providing foreign exchange solutions to institutional clients globally. Established in 1983, the company offers a focused range of currency management strategies, including currency overlay, passive hedging, and currency income, designed to mitigate foreign exchange risk and seek alpha from currency markets. Its client base primarily comprises pension funds, endowments, foundations, and corporations. As a pure-play currency manager, Record plc differentiates itself through deep expertise and research-driven solutions in this specialised segment of the asset management industry, with revenue predominantly derived from fees linked to assets under management or advisement.