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    H2O Asset Management

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    • Tuesday, 7 February, 2023
      Fund management
      Singapore’s GIC cuts exposure to H2O Asset Management

      Decision by sovereign wealth fund follows French market regulator’s fine last month

    • Wednesday, 18 January, 2023
      Bruno Crastes battles on at H2O following investment ban

      Firm’s founder makes clear to clients he will still play an active role despite sanction by French regulator

    • Tuesday, 3 January, 2023
      Regulator slaps record fine on H2O over Windhorst-linked investments

      Penalty comes as asset manager announces first repayment to investors with frozen funds

    • Tuesday, 13 December, 2022
      Lars Windhorst offered La Perla role to H2O chief’s wife

      Asset manager was pouring investors’ money into financier’s ventures when post was proposed

    • Tuesday, 29 November, 2022
      Due Diligence
      H2O: the FT investigation’s big finale Premium content

      Plus, a proxy fight with big implications for activists, and Paris Saint-Germain’s Qatari owners seek a big-ticket valuation

    • Monday, 28 November, 2022
      H2O tells clients French regulator did not accuse it of fraud

      Asset manager moves to reassure customers after French authorities accused it of ‘grave’ rule breaches

    • Friday, 25 November, 2022
      H2O faces record €75mn fine and investment ban for chief

      French regulator recommends tough action over the asset manager’s investments in illiquid bonds tied to Lars Windhorst

    • Thursday, 29 September, 2022
      Lars Windhorst
      Lars Windhorst hired corporate spies that targeted football club boss, lawsuit says

      Israeli company mounted operation to oust Hertha Berlin president, according to court documents

    • Thursday, 15 September, 2022
      Lars Windhorst
      Behind Lars Windhorst’s scramble to repay H2O

      Controversial financier has pledged to find half a billion euros in ‘weeks’

    • Thursday, 25 August, 2022
      Lars Windhorst
      Lars Windhorst pledges to repay €550mn to H2O in ‘weeks’

      Controversial financier tells FT he will make large payment to troubled asset manager

    • Friday, 25 March, 2022
      Natixis completes deal to cut ties with H2O Asset Management

      French bank finalises plan to dispose of troubled subsidiary

    • Thursday, 10 March, 2022
      Due Diligence
      A bet so good that JPMorgan called the Feds Premium content

      Plus, H2O gambles on the rouble’s return and new details in a scandal that rocked Japan Inc

    • Wednesday, 9 March, 2022
      H2O defends big Russian rouble bet as it expects short war

      Asset manager seeks to reassure investors that Russian currency will rebound

    • Friday, 4 March, 2022
      H2O fund carried outsized Russia bet ahead of Ukraine war

      Scandal-hit French asset manager’s flagship fund falls after carrying 48% exposure to Russian rouble

    • Friday, 14 January, 2022
      H2O writes down Windhorst bonds further after bankruptcy near-miss

      Asset manager warns investors that estimated value of frozen funds has fallen as much as 44%

    • Wednesday, 29 September, 2021
      H2O clients seek court expert to probe investments tied to Lars Windhorst

      Group representing wealthy individuals and insurers will ask a French court to appoint an independent expert

    • Thursday, 2 September, 2021
      Due Diligence
      Treading water: KPMG deems auditing H2O an impossible task Premium content

      Plus, a railway mega-deal veers off track, and China’s video game crackdown sends the country’s most valuable company on a quest for foreign deals

    • Wednesday, 1 September, 2021
      Accounts at six H2O funds ‘impossible to certify’ says KPMG

      Auditor could not collect enough data on funds, all of which had exposure to Windhorst-linked securities

    • Monday, 5 July, 2021
      Lars Windhorst
      Lars Windhorst under investigation by criminal prosecutors

      BaFin filed complaint over potential illegal banking activity by German financier

    • Monday, 15 March, 2021
      H2O upped investment in opaque vehicle created after bond scandal

      H2O Deep Value was set up after asset manager was forced to significantly write down more than €1bn in illiquid bonds

    • Friday, 26 February, 2021
      H2O hires advisers as it races to dispose of illiquid debt

      London-based asset manager says it hired adviser at the request of the UK regulator

    • Monday, 4 January, 2021
      Natixis SA
      Natixis to sell its stake in H2O Asset Management

      French investment bank severs ties with London-based firm as part of strategic reset

    • Monday, 30 November, 2020
      News in-depth
      Bruno Crastes: ‘French Soros’ fights for H2O’s future

      Asset manager’s fate hangs in balance amid controversy over its links to German financier Lars Windhorst  

    • Friday, 6 November, 2020
      Natixis SA
      Natixis to cut ties with under-fire H2O

      French investment bank looks to sell majority stake in asset manager

    • Friday, 23 October, 2020
      Natixis SA
      Mystery deepens on H2O bond trading

      Documents increase puzzle over asset manager’s illiquid bond deals

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