Investor group launches lawsuit against H2O Asset Management

€700m of losses

Elliot Gulliver-Needham
clock • 2 min read

An investor group has launched a lawsuit against H2O Asset Management and others over claims that its members had lost €717m due to its investment in illiquid assets.

Collectif Porteurs H2O, which represents over 6,000 investors, argued the French asset manager, as well as its former owner Natixis Investment Managers, auditor KPMG and custodian CACEIS, are jointly liable for the losses investors suffered. The lawsuit was launched in the Paris Commercial Court yesterday (20 December) with the support of Deminor Litigation Funding, which helps companies and investors monetise their legal claims. H2O AM makes further cuts to side pocket fund valuations The group has "collected evidence demonstrating the responsibility of H2O's companies, but also t...

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 Companies

Microsoft and Meta shares dip as results fail to meet investors' expectations on AI delivery

Microsoft and Meta shares dip as results fail to meet investors' expectations on AI delivery

S&P 500 and Nasdaq both fell

Sorin-Andrei Dojan
clock 31 October 2024 • 3 min read
Columbia Threadneedle merges UK small-cap unit into European smaller-cap team

Columbia Threadneedle merges UK small-cap unit into European smaller-cap team

Catherine Stanley and Gordon Happell leave

Sorin-Andrei Dojan
clock 31 October 2024 • 1 min read
Odey Wealth Management files for voluntary liquidation

Odey Wealth Management files for voluntary liquidation

Evelyn Partners appointed as liquidator

Cristian Angeloni
clock 28 October 2024 • 1 min read
Trustpilot