The assets under management of the seven French-domiciled Funds (H2O Adagio FCP, H2O Allegro FCP, H2O Moderato FCP, H2O Vivace FCP, H2O MultiBonds FCP, H2O MultiEquities FCP and H2O MultiStrategies FCP), on the day of their respective split, totalled EUR 8.3 billion.
The total net redemption orders received, between 13 October after 12:30 PM and 16 October before 12:30 PM, on the same Funds amounted to EUR 429 million. Today's redemptions are lower than those of the previous days. As a reminder, the Side-Pocket Funds1 are not open to subscription/redemption orders.
This is testament to the great partnerships H2O has built over the years with our investors and we would like to take this opportunity to thank you for your support and your trust, and to reaffirm our total commitment to actively managing the mirror Funds in your best interests.
Please note that our Client Services team is working hard on making the daily NAVs available on all platforms and stands ready to provide you with any further information in order to facilitate your communication with end investors. H2O AM.
Edited in London on Friday October 16th, 2020.
For more information, please refer to H2O Asset Management website.
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H2O AM LLP as the management company for the suspended funds is solely responsible for portfolio management decisions made in relation to the investments held by those funds. Natixis Investment Managers is not involved in those decisions. H2O's investment management processes are proprietary and confidential to H2O.
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.