WisdomTree Investments has fought back at ETFS Capital Limited 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...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
