Natixis shares hit on H2O losses - reports

Owns 50.1% stake in beleaguered asset manager

Mike Sheen
Natixis shares hit on H2O losses - reports

Large losses within H2O Asset Management during recent market volatility have hurt the share price of Natixis, which owns a 50.1% stake in the London-based firm. H2O's flagship Multibonds fund was down 20% on Monday alone, according to the Financial Times, bringing losses since its February peak to 40%. Analysts said the French bank's share price slide reflected the importance of H2O in the eyes of investors. A Barclays note said: "The shares have lost some €1.7bn of relative perform...

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?