WisdomTree hits back at "false and misleading" shareholder claims

WisdomTree fights against investor claims

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...