Natixis shares hit on H2O losses - reports

Owns 50.1% stake in beleaguered asset manager

Large losses within H2O Asset Management during recent market volatility have hurt the share price of Natixis, which owns a 50.1% stake in the London-based firm.

H2O's flagship Multibonds fund was down 20% on Monday alone, according to the Financial Times, bringing losses since its February peak to 40%. Analysts said the French bank's share price slide reflected the importance of H2O in the eyes of investors. Shareholders lose faith in Natixis after H2O scandal A Barclays note said: "The shares have lost some €1.7bn of relative performance since Thursday which, given the €200m earnings contribution of H2O, doesn't seem particularly unfair if the market factors in longer term impairment of the franchise." H2O made headlines in 2019 after ...