Following the on-going side-pocketing of their “private” instruments, which effectively began this week and should be completed on Thursday, October 8, 2020, the seven mirror-funds (namely H2O Adagio FCP, H2O Moderato FCP, H2O MultiBonds FCP, H2O Allegro FCP, H2O Vivace FCP, H2O MultiStrategies FCP & H2O MultiEquities FCP) whose subscriptions/redemptions were suspended on Friday, August 28, 2020, should reopen for daily dealings on Tuesday, October 13, 2020 after 12:30 pm CET.

The reason behind this later-than-anticipated reopening relates to the significant legal and operational work that is being achieved in order to split the current funds, create seven new funds and almost 100 new share-classes, and register them in different international jurisdictions.

Also, as it was not possible for complexity reasons to complete the side-pocketing of the seven funds on the same day, we had the choice between segregating and reopening them sequentially, or waiting for the last fund to be split in order to resume the daily subscriptions in & redemptions out of our seven Global Macro funds.

In the best interests of the unitholders, so as to preserve their equal treatment, we decided in favour of reopening simultaneously at the end of the side-pocketing process, instead of doing it earlier and fund after fund.

A separate communication will be issued in the coming weeks regarding H2O Fidelio and H2O Deep Value.

For more information, please refer to H2O Asset Management website.
This message is provided for information purposes only.

H2O AM LLP is a portfolio management company authorised and regulated by the Financial Conduct Authority (FCA) and listed on the UK Financial Services Register under firm reference number 529105. Registered address: 10 Old Burlington Street, London W1S 3AG, United Kingdom. Company Number: OC356207.

H2O AM is an affiliate of Natixis Investment Managers. Natixis Investment Managers is the holding company of a diverse line-up of specialised investment management and distribution entities worldwide. As a multi-affiliate management organization, each of the investment affiliates is a separate legal entity with separate investment teams and investment decision making. The investment management subsidiaries of Natixis Investment Managers conduct any regulated activities only in and from the jurisdictions in which they are licensed or authorised. Their services and the products they manage are not available to all investors in all jurisdictions. It is the responsibility of each investment service provider to ensure that the offering or sale of fund shares or third-party investment services to its clients complies with the relevant national law.