Internet notice for H2O MultiStrategies on change in average level of leverage, ex-post volatility and entry fees.
Dear investors, These last fifteen days were a constructive experience for the team at H2O Asset Management. Following significant and, in many cases, deeply-unfair media interest in a small portion of our assets (about 3.7% of our total AuM at the time), we suffered significant redemptions that reached approximately 8 billion euros. We are now […]
H2O confirms that it is considering medium term solutions to re-organise its holdings in non-rated corporate bonds, in order to eliminate entirely any liquidity concerns in H2O’s UCITS funds. H2O has no plans to transfer these bonds to another investment vehicle. In the meantime, H2O sees value in these bonds and will not dispose of […]
H2O Asset Management is pleased to confirm that there have been substantial inflows since Monday 24 June 2019 and current AuM, as of 26th June, stands at €27 bn. Redemptions have markedly subsided to a level roughly five times less than at their peak (on 21 June), down to €450m today. As previously announced, H2O […]
H2O has sold part of its non-rated private bonds and, based on a valuation received by international banks, marked down the balance in compliance with UCITS regulation, thereby cutting their aggregate market value below 2% of H2O’s AuM. As a result of this mark down, triggered by the press reports that dried up market liquidity […]
Q&As on H2O’s exposure to non-rated private placements: The case for H2O Adagio, H2O Allegro & H2O MultiBonds. Please see the note below: