Main Players in Natixis’s H2O, a Europe Fund Misadventure Redux
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The latest turmoil in European finance is swirling around H2O Asset Management, a London-based firm that boomed since its founding almost a decade ago with the backing of French investment bank Natixis SA.
H2O’s funds hemorrhaged billions over four days amid gathering concern over investments in illiquid bonds tied to a controversial German financier. The asset manager is fighting back, aiming to assure investors it can meet redemptions. There were signs of some stabilization after the fund on Wednesday reported that withdrawals “markedly subsided.”