H2O

Regulator slaps record fine on H2O over Windhorst-linked investments

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French regulators have imposed a record €75mn fine on asset manager H2O and banned its co-founder Bruno Crastes from the industry for five years over investments in illiquid debt linked to controversial financier Lars Windhorst. The Autorité des Marchés Financiers announced the fine on the same day that H2O Asset Management said it would start … Read more

H2O faces record €75mn fine and investment ban for chief

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France’s financial regulator is seeking to fine H2O Asset Management a record €75mn and ban its chief executive from the investment industry for a decade over the asset manager’s extensive investments in illiquid bonds tied to German financier Lars Windhorst. The Autorité des Marchés Financiers set out its recommendations against the once high-flying asset manager … Read more