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French bank Natixis said on Friday that it supported steps taken by its H20 Asset Management arm to temporarily suspend some of its funds, and that it would have no financial impact on Natixis.
H2O Asset Management said it had temporarily suspended eight of its funds for an estimated period of four weeks, with the aim of re-establishing liquidity for investors in the portion of the funds invested in liquid assets.
"The suspension of these funds has no financial impact on Natixis, either on the balance sheet or on the income statement," said Natixis in a statement. RTRS