ETFS Capital, the largest shareholder of WisdomTree, has accused the firm of “desperate smears” against it after WisdomTree made allegations against ETFS Capital’s board nominees.
In a letter yesterday (15 May), the activist investor firm continued its conflict with WisdomTree over the performance of the firm, which reached a boiling point last month after it attempted to topple WisdomTree's CEO and chair. ETFS Capital, which holds a combined 18.3% of WisdomTree's outstanding common stock on an as-converted basis, accused the firm of having a "track record of value destruction", arguing that since WisdomTree bought ETFS Capital's ETC business in 2017, it has "watched over the destruction" of $1bn of stockholder value. WisdomTree and ETFS Capital continue conf...
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