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Natixis’s H2O Lost $3.4 Billion in Three Days of Carnage

  • Six H2O funds had almost 1.4 billion euros in outflows Friday
  • The funds declined by more than 3 billion euros in three days
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Natixis Falls on More H2O Fund Outflows
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The tide is turning for H2O Asset Management, the London-based investment firm that until last week defied industry gloom with surging assets and stellar returns.

After almost a decade of near-constant inflows, clients last week started to yank money from some of its funds over concerns about illiquid holdings tied to a controversial German businessman. The carnage worsened on Friday, the latest day for which figures are available, with assets in six of its funds down more than 3 billion euros ($3.4 billion) over just three days to less than 19 billion euros.