The logo of French bank Natixis outside one of their offices in Paris. Picture: REUTERS/CHARLES PLATIAU
London-based H20 has since sold some illiquid assets and stopped charging entry fees on its funds “until further notice” in an attempt to stem outflows of customer money.Concerns about liquidity in funds that allow investors to get their money back on a daily basis have risen recently, particularly in Britain where money manager Neil Woodford was forced to suspend trading in his flagship fund.
Natixis's shares rose 1.8% on Thursday after UBS also issued a relatively upbeat note on the bank. The shares are still down 4.9% since the start of 2019.“H2O Allegro is run by an experienced team adept at making top-down calls on government bonds and currencies,” wrote Mara Dobrescu, director of fixed-income strategies at Morningstar.
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