WisdomTree Investments has fought back at ETFS Capital and Lion Point Capital’s claims that it has “lost credibility with shareholders,” calling the claims “numerous false and misleading” in a recent statement.
The asset manager was stung back in March when shareholders ETFS Capital and Lion Point Capital co-authored an open letter to WisdomTree calling for an overhaul of the company's management, recommending a new CEO be appointed. At the time ETFS owned 10.4% of the common stock of WisdomTree and Lion Point held 3.1%. WisdomTree has directly responded to the claims in the letter, saying that ETFS and Lion Point abandoned a meticulously planned out cooperation agreement "at the eleventh hour". The firm said that they had met with Cristiano Amoruso, a partner of Lion Point, 13 times in t...
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