Saturday, 30 July 2016
Last updated 1 day ago
Oct 5 2011 | 1:04pm ET
Hedge fund legend Michael Steinhardt's WisdomTree Investments saw its stock price fall by a quarter after one of its biggest investors pulled out of its funds.
The exchange-traded fund shop saw its assets fall 5.9% last week to $11 billion. Much of that decline is attributable to the exit of a large institutional investor. WisdomTree would not identify the investor.
The 25% decline was WisdomTree's worst three-day stock plunge in almost three years.