H2O Asset Management agrees to pay investors €250m after FCA probe

Locked in funds since 2020

Cristian Angeloni
clock • 2 min read

H2O Asset Management has agreed to pay out €250m to investors who have been unable to access their funds since 2020.

The decision follows an investigation from the Financial Conduct Authority, which found that between April 2015 and November 2019, the firm failed to carry out "proper due diligence" on investments. These included investments related to the Tennor Group of companies, which is owned by controversial financier Lars Windhorst, and other companies he introduced. These investments, the FCA noted, were "high risk and hard to sell". More specifically, they comprised private placement debt instruments and equity shares in entities which H2O recognised as early stage or turnaround businesses, ...

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

Babcock to replace Hargreaves Lansdown in the FTSE 100 as defence focus intensifies

Babcock to replace Hargreaves Lansdown in the FTSE 100 as defence focus intensifies

Share price up 44.5% in 2025

Linus Uhlig
clock 20 March 2025 • 2 min read
M&G unveils increased interim dividend as profits grow by 5%

M&G unveils increased interim dividend as profits grow by 5%

Dividend boosted by 2%

Linus Uhlig
clock 19 March 2025 • 3 min read
Close Brothers sees losses mount amid sale of asset management arm

Close Brothers sees losses mount amid sale of asset management arm

£103m pre-tax operating losses

Sorin Dojan
clock 18 March 2025 • 2 min read
Trustpilot