Natixis H2O Fund Controversy Hangs on an Arcane Definition
- Third U.K. fund manager facing scrutiny over investments
- Some analysts question whether bonds meet liquidity rules
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When is a bond not a bond?
That’s the question some analysts are raising about securities owned by H2O Asset Management, the third major European fund manager to face market turmoil in less than a year amid questions about the liquidity of its investments.