H2O AM suspends funds at French regulator's request

Seven funds suspended in total

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The affected products are the H2O Allegro, H2O MultiBonds and H2O MultiStrategies funds
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The affected products are the H2O Allegro, H2O MultiBonds and H2O MultiStrategies funds

H2O Asset Management has suspended three of its funds following a request by the French regulator the Autorité des Marchés Financiers (AMF), citing the funds' "significant exposure" to private securities.

On 28 August, the AMF asked H2O to suspend the subscriptions and redemptions of the three French-domiciled UCITS funds H2O Allegro, H2O MultiBonds and H2O MultiStrategies "to protect the interests of unit holders and the public". H2O extended the suspension to five other funds, including H2O Adagio, H2O Moderato, H2O MultiEquities, H2O Vivace and H2O Deep Value AIF which it said were "also exposed to these securities". Windhorst vehicle to buy H2O AM's illiquid assets - reports In a statement, H2O said: "This suspension period is temporary, and should last around four weeks, during...

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