The pressure the stock market fell for Natixis. The action of the investment bank BPCE (Banque Populaire, Caisse d'epargne), who had dropped 14 % at the end of last week, erasing two days of nearly 2 billion euros of market capitalisation, however, has yet been is 0.96 % on Tuesday.
" READ - Natixis picks in stock Exchange, following an incident on one of its funds.
the origin of the storm the stock market, the market's concerns on 1.4 billion euros of bonds illiquid divided into six funds of the management company in the uk H2O AM, in which Natixis holds 50,01 %. This has prompted Morningstar to suspend the rating of a fund. This posed a particular problem in the eyes of the market is that a good portion of these bonds were issued by companies controlled by Lars Windhorst, a German investor very controversial.
The distrust of investors is immediately reflected on the six funds, managed ...Updated Date: 27 June 2019, 00:00