AMF seeks record fine for H2O AM and decade-long ban for its chief

Fallout from Windhorst illiquid bonds

James Baxter-Derrington
clock • 1 min read

French regulator the Autorité des Marchés Financiers has set out recommendations against H2O Asset Management following the fallout from Lars Windhorst-linked illiquid bonds, seeking more than €90m in fines.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA and FOS to work together to resolve targeted support complaints

FCA and FOS to work together to resolve targeted support complaints

Joint statement

Jenna Brown
clock 11 December 2025 • 3 min read
FCA's targeted support rules set to take effect from April 2026

FCA's targeted support rules set to take effect from April 2026

Regulator plans to open application gateway for firms in March

Isabel Baxter
clock 11 December 2025 • 5 min read
FCA's Rathi vows to reform rules for VCT and alternative investment managers in 2026

FCA's Rathi vows to reform rules for VCT and alternative investment managers in 2026

Letter to Sir Keir Starmer

Linus Uhlig
clock 10 December 2025 • 2 min read
Trustpilot