“To those who have followed the firm’s investment strategy closely, Bruno Crastes’s relationship with Lars Windhorst is certainly no secret either. For years, H2O Asset Management has been a notable financial supporter of Mr Windhorst’s fundraising efforts. This included investments in his ill-fated €1bn Sapinda Invest bond which failed to pay its scheduled coupons on time in 2016.” – by Robert Smith and Cynthia O’Murchu