RCS - Record PLC - New Liquid Municipal Loan Fund Launch

RecordAnnouncement

17/01/2022 07:35

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RNS Number : 5322Y  Record PLC  17 January 2022

17 January 2022

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.

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