Natixis to sell majority stake in H2O Asset Management

Chief executive of Natixis IM Jean Raby told Bloomberg an agreement had been reached between the asset management arm of the French bank and H2O AM to "part amicably in total agreement with management buying our stake in the company". He confirmed the deal remains subject to regulatory approval and it was being conducted with "the interest of [Natixis] clients" at its heart. The process of unwinding began last November in a joint statement by the firms, following the liquidity crisis that led the French regulator to request H2O AM suspend three of its funds, with the firm suspending a...