Check out my new article:
   [1]https://litigationfinancejournal.com/france-financial-regulator-fine
   s-londons-h2o-e93-million-for-fund-misrepresentations/
   UK-based H2O Asset Management is under regulatory investigation by the
   French financial crime enforcement auditors. H2O is accused of
   breaching financial instrument ownership laws.
   Pensions and Investments reports that Bruno Crastes (H2O Group CEO)
   received a €15M penalty, with Vincent Challiey (H2O Group CIO)
   panelized €3M. Furthermore, regulators assigned €75M in fines for H2O
   AM totalling €93M or $99MUSD.
   French assessors claim H2O’s mismanagement yielded significant investor
   losses. As of June 30, 2022, H2O maintained €12.3B in assets under
   management. In November, 2020, Natixis Investment Managers elected to
   cancel a 10 year agreement with H2O, liquidating 50.01% stake ownership
   in two tranches, immediately capitalizing 26.61%. Natixis plans a six
   year horizon for complete divestiture.
   H2O has claimed innocence of wrongdoings, suggesting French authorities
   issued the group penalty in the absence of fraud or mismanagement by
   H2O.
   Deminor announced that it is financing litigation for victims of H2O’s
   Natixis managed asset fund. Deminor is representing 1,500 individuals
   on a non-recourse basis. After meeting with French authorities, H2O
   announced formalizing a reserve allocation to cover the maximum
   potential fine as a cash flow precaution.

References

   1. https://litigationfinancejournal.com/france-financial-regulator-fines-londons-h2o-e93-million-for-fund-misrepresentations/