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

ETFS Capital and Lion Point nominate three directors

clock • 2 min read
Open letter signed by ETFS Capital's Graham Tuckwell and Lion Point Capital's CIO
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Open letter signed by ETFS Capital's Graham Tuckwell and Lion Point Capital's CIO

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 ...

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