To ask Her Majesty's Government what assessment they have made of (1) the potential risks for UK investors by H2O Asset Management's approach to valuing unlisted investments held in open-ended funds, and (2) whether any group of investors, including associates and other clients of H2O Asset Management and its executives and owner, have been treated preferentially.
To ask Her Majesty's Government whether they have received any requests for information from the Autorité des Marchés Financiers in connection with the Financial Conduct Authority’s supervision of the valuation of investments in public funds managed by H2O Asset Management.
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House.