H2O AM makes further cuts to side pocket fund valuations

Following revisions last month

H2O Asset Management has further cut the valuation estimates of its side-pocketed range of funds, following a previous revision last month.

In a statement earlier this week (16 October), H2O said it had made new valuations to its side-pocketed funds, with some being revised down by roughly 70% of the value they were ascribed at the end of last year. H2O AM to appeal 'disproportionate' €93m fine by French regulator "These reductions vary depending on the financial instruments held within the respective [segregated funds]," the firm said. In February, the asset manager suspended valuations for its segregated funds, following an initial reimbursement phase the month before. This saw €250m paid out to investors, though...