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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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