Between 2017 and the end of April, H2O’s assets doubled to $37.6 billion, according to an investor letter seen by Bloomberg………After almost a decade of near-constant inflows, clients last week started to yank money from some of its funds over concerns about illiquid holdings tied to a controversial German businessman. The crisis worsened on Monday, the latest day for which figures are available, with assets in six of its funds down more than 5.6 billion euros ($6.4 billion) over just four days to less than 16 billion euros.
