Deminor’s approximately 4,000 clients that fell victim to the Madoff fraud have reached a recovery ratio of 88.35% after the latest round of distributions.
France’s financial regulator has fined London-based H2O Asset Management, its group CEO and CIO a total of €93 million ($99 million) “for several breaches committed in the management of French funds relating to investments in financial instruments”. Deminor is funding a legal action against H2O on behalf of the investors who suffered losses.
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