Lars Windhorst apologises to H2O investors for losses

Quick Summary:

H2O has so far repaid only €229mn to its fund investors, with a further €250mn earmarked for repayment as part of an August settlement with the UK’s Financial Conduct Authority in lieu of a “substantial fine” for “serious breaches” of the regulator’s rules.

Windhorst told the FT that “the new Tennor” would allow H2O’s funds to “participate in upside and value which gets created there”, even though it had “no legal obligation towards H2O investors whatsoever”.

Windhorst made the remarks in an interview for a new FT film, in which he gives his own account of some of his biggest blow-ups and scandals — from earning a criminal conviction and surviving a plane crash, to being blamed for instigating a smear campaign against a football club boss.

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Article Details

Author / Journalist: Cynthia O'Murchu

Category: MarketsFinanceInvesting

Markets: United StatesCongoSwitzerland

Topics: Tennor Financier Years Businesses Investors Linked Asset Investment Windhorst Money Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 05:00:18 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 745 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24544476

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

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