Activist investors call on resignation of WisdomTree CEO to 'restore lost 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 the two companies formed a group "after having independently reached similar conclusions about the significant opportunity to create value through actions within the control of the management and board of directors of WisdomTree". In the letter, ETFS Capital and Lio...