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NTXFY - Natixis - H20 Debacle May Be Far From Over
Natixis SA ADR
H2O proves to be not quite as liquid as water
H2O is one of Naxtixis' 25 asset management subsidiaries specializing in absolute return macro strategies with a focus on fixed income. Natixis owns a 50.1% majority stake.
The company was rocked last week by the fallout from a Financial Times investigation into its exposure to illiquid corporate credit investments, all with links to the controversial German financier Lars Windhorst (the original article can be found here). Morningstar subsequently suspended its rating on one of H2O's key funds and a follow-up report by the FT