Activist investors call on resignation of WisdomTree CEO to restore lost credibility

clock • 3 min read
Activist investors call on resignation of WisdomTree CEO to restore lost credibility

ETFS Capital and Lion Point Capital have jointly written an open letter to WisdomTree Investments, calling for a new CEO at the firm and nominating three candidates to the board to "reverse years of severe underperformance" and "restore WisdomTree's credibility". ETFS Capital currently owns 10.4% of the common stock of WisdomTree, after ETF Securities sold its European and North American asset management businesses to WisdomTree, Legal & General Investment Management and Aberdeen Standard ...

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