H2O Asset Management to pay investors £215m to avoid ‘substantial’ FCA fine Investing H2O Asset Management will pay €250m (£215m) to clients who have been unable since 2020 to access investments then worth around €1.6bn (£1.4bn) to avoid a “substantial” fine from UK regulators. Following talks with the Financial Conduct Authority (FCA), the watchdog has agreed H2O will make the sum available to all those whose investments remain trapped. The French firm will apply to cancel its [...]
H2O Asset Management suffers fresh auditing blow: How did it end up here? Investors Beleaguered French investment firm H2O Asset Management has suffered a fresh blow after its auditors warned that the firm’s accounts “do not give a true and fair view” of its current financial position. But how did it end up here? Between 2015 and January 2020, H2O AM invested €2.3bn in illiquid private debt securities linked [...]