Legal
H2O AM hit with record fine over Windhorst-linked investments
France’s financial watchdog has fined H2O Asset Management and two of its managers close to €100m in total for several breaches relating to investments in illiquid debt linked to controversial German financier Lars Windhorst. The Autorité des Marchés Financiers said the firm would be fined €75m, while co-founder Bruno Crastes…
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