Plus, H20’s cover up, ESG funds double down on defence, and Hôtel de Gallifet in Aix-en-Provence
Regulators must show pragmatism as well as toughness but playing legal mediator, rather than policeman, looks odd
Plus, the great lengths of H2O Asset Management and a long-shot bid emerges for 7-Eleven
UK watchdog accused firm of misleading it over ties to financier Lars Windhorst
Plus, H2O Asset Management pays up for ‘serious breaches’ and Glencore’s coal rethink shows how the pendulum has swung on ESG
Regulator criticises ‘false’ statements, lax due diligence and failing to declare hospitality including use of a superyacht
Scion of Rothschild financial dynasty joins investment firm as executive chair and takes minority stake
Mazars issues ‘adverse’ audit opinion on asset management group’s latest accounts
Investors in asset manager were hit by group’s outsized exposure to German financier Lars Windhorst
Bruno Crastes was one of the most gifted fund managers of his generation. Why did he bet so much on the notorious Lars Windhorst?
Natixis, KPMG and CACEIS also sued in first major litigation relating to illiquid asset scandal
German financier is trying to fend off litigation from a number of aggrieved creditors
German struggles to answer questions about net worth and solvency at London court
Decision by sovereign wealth fund follows French market regulator’s fine last month
Firm’s founder makes clear to clients he will still play an active role despite sanction by French regulator
Penalty comes as asset manager announces first repayment to investors with frozen funds
Asset manager was pouring investors’ money into financier’s ventures when post was proposed
Plus, a proxy fight with big implications for activists, and Paris Saint-Germain’s Qatari owners seek a big-ticket valuation
Asset manager moves to reassure customers after French authorities accused it of ‘grave’ rule breaches
French regulator recommends tough action over the asset manager’s investments in illiquid bonds tied to Lars Windhorst
Israeli company mounted operation to oust Hertha Berlin president, according to court documents
Controversial financier has pledged to find half a billion euros in ‘weeks’
Controversial financier tells FT he will make large payment to troubled asset manager
French bank finalises plan to dispose of troubled subsidiary
Plus, H2O gambles on the rouble’s return and new details in a scandal that rocked Japan Inc
