H2O Asset Management, an affiliate of Natixis Investment Managers, has delegated part of the management of seven of its funds. Since 1 April, outsourcing contracts are in place for the H2O Adagio, H2O Allegreto, H2O Allegro, H2O Mutlibonds, H2O Multistratégies, H2O Vivace and H2O Largo funds. In a statement, the asset management firm explains that «with substantial growth in its activities in recent years and wishing to obtain the means of continuing its development, H2O AM LLP, historically established in London, has decided to increase its international presence by setting up new management subsidiaries.” These affiliates, including H2O AM Europe in Paris, H2O Monaco SAM in Monaco and H2O AM Asia Pte Ltd in Singapore, aim to allow H2O AM LLP to better cover the various markets and instruments in which it is active. H2O AM LLP will delegate management focuses to each of its affiliates: volatility management on the equity marketswill be outsourced to H2O AM Europe, while tactical trading will be contracted to H2O Monaco AM, and Asian bond managementand opportunities relating to trading hours extending beyond European hours will be contracted to H2O AM Asia Pte Ltd. H2O AM LLP will retain control of strategic allocation, and will outsource all or part of the financial management of funds to other asset management firms of the H2O AM group. Outsourcing part of the management of the H2O Adagio, H2O Allegretto, H2O Allegro and H2O Largo funds will be contracted to H2O AM Asia Pte Ltd. The H2O Multistratégies fund will be partly managed in Monaco and Paris, while H2O Multibonds and H2O Vivace will be partly managed, respectively, from Monaco and Paris.
