WisdomTree and ETFS Capital continue conflict following board member departure

Deborah Fuhr

The clash between WisdomTree and its largest shareholder ETFS Capital has continued, after WisdomTree declined to renominate ETF industry veteran Deborah Fuhr to its board of directors.

The tension between the two firms reached a boiling point earlier this month, when ETFS Capital's chair Graham Tuckwell sent a scathing letter accusing the firm of "dismal performance" and "massive stockholder value destruction". In his letter, Tuckwell accused WisdomTree of stacking its board with "individuals cherry-picked by the long-tenured directors", demanding the resignation of its chair and various other members, so that they could be replaced by fresh blood. WisdomTree unveils California Carbon Allowance ETP However, WisdomTree has since said it would not renominate Fu...