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H2O faces record €75m fine and investment ban for chief

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The Financial Times

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French regulator recommends tough action over the asset manager’s investments in illiquid bonds tied to Lars Windhorst.

10 October, 2022 by Cynthia O’Murchu in Paris and Robert Smith in London

France’s financial regulator is seeking to fine H2O Asset Management a record €75mn and ban its chief executive from the investment industry for a decade over the asset manager’s extensive investments in illiquid bonds tied to German financier

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