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

clock • 3 min read

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 in 2018, and became ETFS Capital, while Lion Point Capital owns 3.1%. The open letter revealed th...

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