Record Currency Management US Inc

Item 5. Fees and Compensation
FX Alpha, Passive, Enhanced Passive, Active Hedging, Solutions for Asset Managers and Multi-Asset Risk
Premia fees consist of either a management fee based on the gross value of currency positions managed
or a lower management fee on the same terms with an additional performance fee charged on returns
above an agreed benchmark. There are no standard fees as all exposures have their own unique
characteristics.
Fees may vary according to complexity (non-standard implementation), mandate size, gearing and return
target offered. In addition, clients who have seeded strategies or who have been early participants in
strategies may have received preferable rates.
Record typically invoices clients quarterly in arrears for fees due.
Clients may also be subject to additional fees in relation to services provided by Record but these fees are
not controlled or influenced by Record. Typical types of additional fees that clients may face and consider
are custodian fees and prime broker fees where applicable.
Record has never received any soft commission. Record has third-party introducer arrangements in place
with respect to both clients being introduced to Record as well as Record introducing clients to selected
partners. This is separately disclosed to any impacted client.
Record has a commission structure in place for new segregated mandates where eligible staff may receive
a proportion of management fees which is independent of the Group Profit Share & Share Incentive
Schemes.
Record Inc. is compensated via a management fee agreement with its affiliate, Record Currency
Management Limited and Record’s US staff receive salary and participates in group profit share schemes.
Record has a commission structure in place for new segregated mandates where eligible staff may receive
a proportion of management fees which is independent of the Group Profit Share & Share Incentive
Schemes.
Record Inc. has never received any soft commission.

Form ADV Part 2A

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Item 7. Types of Clients
In addition to investment funds, corporations, charitable organizations and pension plans, Record Inc. may
also work for governmental organizations, banks, insurance companies or high net worth individuals.

Form ADV Part 2A

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