Natixis shares hit on H2O losses - reports

Owns 50.1% stake in beleaguered asset manager

Mike Sheen
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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...

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