Natixis H2O Funds Lose $1.3 Billion as Asset Slump Deepens
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A group of Natixis SA fund assets dropped by 1.1 billion euros ($1.3 billion) on Thursday, a day after Morningstar Inc. raised concerns about one of the investment pool’s holdings and suspended its rating.
The H2O Allegro fund’s assets, managed by Natixis-backed H2O Asset Management, declined by 225 million euros, according to the company’s website. That’s on top of a 113 million-euro fall on Wednesday, when the research and rating company published its report on that fund, data compiled by Bloomberg show. Three other funds, Adagio, Multi Aggregate and Multibonds, also saw their assets decline, bringing the combined one-day drop to more than 1 billion euros.