Official announcements from the Financial Conduct Authority (FCA) or other regulatory bodies

H2O Asset Management to Pay €250 Million ($273 Million) to Investors After FCA Investigation

Aug 7, 2024, 09:38 AM

H2O Asset Management has agreed to pay €250 million ($273 million) to investors following an investigation by the UK's Financial Conduct Authority (FCA). The FCA found that H2O committed 'serious breaches' related to illiquid investments. This settlement comes over five years after concerns were first raised about the firm's investment practices. The payment aims to compensate investors who were affected by these breaches.