The curse of illiquidity: Natixis takes steps to reassure H2O investors

Elisabeth Reyes
clock • 2 min read

The curse of illiquidity has stepped across the Channel to France from the UK as Natixis moved to issue a strong statement of support for its H2O affiliate in the wake of reports into holdings of illiquid bonds that raised investor concerns and hit the market value of its owner, BPCE and Natixis - all of which comes some weeks after news of illiquid holdings precipitated UK manager Woodford into gating investors. H2O's decision to sell non rated bonds and mark down the value of the balance to comply with Ucits regulations saw Natixis shares fall from some €3.95 on Wednesday 19 June to ar...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?