The Autorité des Marchés Financiers (AMF) withdraws the authorisation of the portfolio asset management company Wide Asset Management
Taking into account the situation of the portfolio asset management company Wide Asset Management, the AMF Board has decided to withdraw its authorisation.
During its 30 April 2024 meeting, the AMF Board noted that the asset management company Wide Asset Management was no longer complying with the terms of its authorisation. Pursuant to Article L.532-10 of the Monetary and Financial Code, the AMF Board therefore decided to withdraw its authorisation as a portfolio management company.
This authorisation withdrawal will take effect on the date on which one or more other management companies are appointed to manage the funds created by Wide Asset Management or, failing that, on the date on which the said funds are liquidated.
Until this date, the company Wide Asset Management is placed under the control of the company PMR Partners, represented by Mr. Guillaume d’Azémar de Fabrègues, its managing director, appointed as administrator (“Mandataire”) by the AMF, to ensure in particular that during this period the company only carries out transactions that are strictly necessary to protect the interests of the holders of the funds it manages.
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