H2O says some of its illiquid funds have lost more than 40% in value

H2O says some of its illiquid funds have lost more than 40% in value

In the fall of 2020, H2O froze the trading of several vehicles because of valuation uncertainties due to a large exposure to thinly traded securities linked to German businessman Lars Windhorst. The funds were later split, in a process known as side pocketing, to separate them from the liquid assets.

H2O Asset Management has recorded the worth of some of its funds that contain hard-to-sell resources by over 40% since August. The hedge fund has brought down the net resource values of the funds by somewhere in the range of 25% and 44%, as indicated by its site. A representative for H2O was not quickly accessible for comment. Natixis, the company’s greater part investor, is currently offering its stake to H2O’s management.

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