Natixis Investment Management has reached an agreement to sell its majority stake in embattled H2O Asset Management, following a decision to "unwind" its partnership in November 2020.
Chief executive of Natixis IM Jean Raby told Bloomberg an agreement had been reached between the asset management arm of the French bank and H2O AM to "part amicably in total agreement with management buying our stake in the company". He confirmed the deal remains subject to regulatory approval and it was being conducted with "the interest of [Natixis] clients" at its heart. Natixis IM launches ESG fund of funds The process of unwinding began last November in a joint statement by the firms, following the liquidity crisis that led the French regulator to request H2O AM suspend three...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
