Natixis's H2O Says Redemptions Have Slowed After Asset Slump
- Clients pulled 450 million euros from H2O funds on Wednesday
- Assets under management stand at 27 billion euros, firm says
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H2O Asset Management says redemptions from its funds have “markedly subsided” after assets plunged by more than $6 billion in a four-day stampede that raised questions over the liquidity of some mutual funds.
The company said clients pulled 450 million euros ($512 million) from its funds on Wednesday, bringing assets under management to 27 billion euros. That’s down from the $37.6 billion in assets the firm had in April.