Regulator Tells H2O to Freeze Funds on Valuation Uncertainty
- Sale of assets back to financier has ‘valuation uncertainties’
- Windhorst backed by two high-profile German investors
Lars Windhorst
Photographer: Frank Molter/picture alliance via Getty Images
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H2O Asset Management froze several funds at the request of the French financial regulator, which cited uncertainties over the valuation of illiquid assets the firm is selling back to German financier Lars Windhorst at a steep discount.