Natixis, H2O Reach Deal to End Partnership After Controversy (1)

Natixis Investment Managers and hedge fund H2O Asset Management reached an agreement to unwind their partnership, more than a year after the bank announced the sale of its stake in the troubled money manager.

The French lender’s asset management arm will reduce its holding in H2O in two phases, starting with the immediate disposal of a 26.6% stake, according to a joint statement from the firms on Friday. The bank will sell its remaining 23.4% stake within four to six years, pending necessary regulatory approvals.

Natixis announced its plans to progressively unwind its partnership with H2O in November 2020, as ...