WisdomTree's largest shareholder returns with fresh attempt to oust CEO

Investment Week

In a letter to shareholders on Monday (6 May), Graham Tuckwell, chair of ETFS Capital, which holds around an 18% stake in WisdomTree, asked investors to vote against the re-election of Steinberg and two other board members at the firm’s annual meeting on 12 June.  Laying out its own letter in response, WisdomTree asked shareholders to ignore the activist’s callout, calling Tuckwell’s latest move “against three of WisdomTree’s directors – his third attempt against the board in the past three years – that is a waste of time and resources and not in the best interests of the company and all…

The full article is available here. This article was published at Investment Week.