Age, Biography and Wiki
Neil Record (Neil Peter Record) was born on 26 June, 1953 in Oxford, United Kingdom, is a Chairman, record currency management. Discover Neil Record's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 67 years old?
|Popular As||Neil Peter Record|
|Occupation||Chairman, record currency management|
|Age||68 years old|
|Born||26 June 1953|
|Birthplace||Oxford, United Kingdom|
We recommend you to check the complete list of Famous People born on 26 June. He is a member of famous Chairman with the age 68 years old group.
Neil Record Height, Weight & Measurements
At 68 years old, Neil Record height not available right now. We will update Neil Record's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
|Body Measurements||Not Available|
|Eye Color||Not Available|
|Hair Color||Not Available|
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
Neil Record Net Worth
His net worth has been growing significantly in 2020-2021. So, how much is Neil Record worth at the age of 68 years old? Neil Record’s income source is mostly from being a successful Chairman. He is from United Kingdom. We have estimated Neil Record's net worth, money, salary, income, and assets.
|Net Worth in 2021||$1 Million - $5 Million|
|Salary in 2020||Under Review|
|Net Worth in 2019||Pending|
|Salary in 2019||Under Review|
|Source of Income||Chairman|
Neil Record Social Network
|Wikipedia||Neil Record Wikipedia|
In 2017 Record made a gift of c. £1.3m to his alma mater Magdalen College School, Oxford in memory of his older brother Richard Record, who died suddenly in 1968 aged 16 while a pupil at the school. Record stated that "Richard was the clever one, and I was grief-struck when he died". Magdalen College School has named a new Sixth Form Centre building, completed in 2017, after Richard Record.
Following this period the company diversified away from the carry trade, developing a varied portfolio including emerging and multi-strategy techniques. Performance picked up again and as of June 2014 the company managed over $54 billion in client currency exposures. Record based the company in Windsor, where it has remained for the last thirty years.
Record has been identified in September 2014 as one of the donors supporting the think-tank the Global Warming Policy Foundation which is sceptical of catastrophic anthropogenic climate change. The Guardian newspaper has quoted him as saying: "I personally regard the continuing contribution of the GWPF to the climate change debate as very positive in assisting balance and rationality in this contentious area." Record has been a member of all three of the UK's major political parties over the course of his life, but was a major donor to the Conservative Party in the run-up to the 2010 general election. Record has been an outspoken critic of the Euro since 1995, but has stated that he remains a supporter of the economic cooperation derived from membership of the union.
Record is Chairman of the Institute of Economic Affairs, and was a visiting fellow at Nuffield College, Oxford. He wrote the first textbook on the specialist topic of currency overlay, a business that now covers over US$100 billion of clients' assets. He has also written numerous papers and articles on currency management, the Euro and the pensions business. In 2012 his entry for the Wolfson Economics Prize, Minimising the Financial Cost, and maximising the economic opportunities, of Euro Exit, was shortlisted. The submission recommended the formation of a secret, German-led, taskforce that would prepare for total dissolution of the common currency as soon as it became clear that one country was going to have to leave. Record has been an advocate of reform in the public pensions sector and has written extensively on the public pensions system, including works such as Sir Humphrey's Legacy; facing up to the true cost of public sector pensions (IEA, 2006).
In the wake of the 2008 financial crisis the company began to struggle due to its reliance on the carry trade. This trading between international interest rate differentials had been a profitable business, but after 2008 almost dried up as the crisis caused global interest rates to converge and the worldwide carry trade to 'unwind'.
In 1983, convinced there might be a broad market for these ideas, Record left Mars to found a business that under his own name would offer his currency management techniques to international clients, Record Treasury Management, which was soon renamed Record Currency Management. In April 1985 the company was awarded the world's first institutional currency overlay from UK Water Authorities Superannuation Fund. By 1988 the company was the largest independent currency manager in the world with around US$3 billion under management.
The company continued to grow rapidly through the 1980s and 1990s. Its systematic approach proved successful and in 2007 the company was floated on the London Stock Exchange with a market cap of £354 million.
Record began his career in 1977 at the Bank of England’s Economic Intelligence Department, where he worked as an economist. Following this he joined Mars Corporation where he worked as a commodities analyst and later as a buyer of soft commodities. At the time Mars was experiencing high volatility in its commodities prices due to the very volatile forex markets that resulted from the collapse of the Bretton Woods Agreement. This made the price of certain products, especially cocoa, unpredictable.
Neil Record (born 26 June 1953) is a British businessman, author and economist who founded Record Currency Management, one of the earliest specialist currency managers. Record was one of the pioneers of currency risk management. In 2003 he wrote Currency Overlay, the first textbook on the subject. He was a short listed entrant for the 2012 Wolfson Economics Prize for his work on the Eurozone crisis.