The German financier linked to H2O Asset Management's illiquid stock and bond holdings, which triggered a spate of outflows and investment losses in 2019, is set to buy the assets back from the firm.
H2O investors pulled more than €8bn from its funds in 2019 after the scale of the Natixis subsidiary's exposure to hard-to sell assets linked to Lars Windhorst was revealed. However, the firm has now signed an agreement with an investment vehicle set up by Windhorst, which will buy back assets linked to the controversial financier at a discount, the Financial Times reports. A spokesperson for the vehicle, Tennor, said: "We are aware that a company linked to our founder Lars Windhorst, with backing from a group of German investors, has signed an agreement to purchase securities linked ...
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