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H2O Asset Management to pay investors €250mn after FCA finds ‘serious breaches’ via @FT https://t.co/147HimiMwU
UK regulator says H2O fund to pay trapped investors $273 million https://t.co/kzj0umRL3M https://t.co/ri7k6qK4N5
H2O Asset Management to pay investors €250mn after FCA finds ‘serious breaches’ via @FT After Years of digging by the brilliant @BondHack @cynthiao https://t.co/HokmA4zrUO
H2O Asset Management has agreed to pay €250 million ($273 million) to investors following an investigation by the UK's Financial Conduct Authority (FCA). The FCA found that H2O committed 'serious breaches' related to illiquid investments. This settlement comes over five years after concerns were first raised about the firm's investment practices. The payment aims to compensate investors who were affected by these breaches.