Record (REC) Q1 2027 TU earnings summary

Executive summary

• Assets under management (AUM) reached $122.0 billion as of 30 June 2026, up 6% from $114.6 billion at 31 March 2026.

• Positive net flows were recorded across all three product pillars: Risk Management, Absolute Return, and Private Markets.

• Growth in Risk Management was led by Passive Hedging, while Absolute Return saw new FX Alpha mandates and Private Markets benefited from inflows and ongoing deployment.

• Performance supports expectations for the current financial year.

Financial highlights

• Net AUM increase of $7.4 billion quarter-over-quarter, representing a 6% rise.

• Undeployed commitments in Private Markets stood at $1.2 billion, up from $1.1 billion at the previous quarter-end.

• Assets under advisory in Private Markets remained steady at $0.4 billion.

Segment performance

• Risk Management AUM grew from $92.8 billion to $98.7 billion, driven by Passive Hedging.

• Absolute Return AUM increased from $3.7 billion to $4.4 billion, supported by new FX Alpha mandates.

• Private Markets AUM rose from $18.1 billion to $18.9 billion, with inflows from Solutions for Asset Managers and deployment in infrastructure equity.