Big Investor Quits WisdomTree

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.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...