Arthur Levitt, Investor Advocate and Former SEC Chairman, Joins WisdomTree Investments as Senior Advisor; Levitt Aligns Extraordinary Business & Government Career with ETF Innovator.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Joins Team That Includes Wharton Professor Jeremy Siegel Jeremy Siegel (born November 14, 1945) is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania. Siegel comments extensively on the economy and financial markets - he appears regularly on networks like CNN, and Legendary Investor Michael Steinhardt Michael Steinhardt (born 1940) is an American businessman and was a one of the first prominent hedge fund managers. He founded Steinhardt, Fine, Berkowitz & Co. WisdomTree Investments (Pink Sheets: WSDT WSDT Washington State Department of Transportation ) today announced that Arthur Levitt, a noted advocate for investor protection who served as the 25th Chairman of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission, has joined the company as a Senior Advisor. Mr. Levitt, who was the longest serving SEC chairman in history, will work with management on key industry issues and assist in raising public awareness of WisdomTree's dividend-oriented investment approach. Mr. Levitt joins a WisdomTree Investments team that includes Jeremy Siegel, one of the financial services industry's most prominent academics, as well as Michael Steinhardt, one of the hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" industry's most successful investors. "I am pleased to serve as an advisor to a firm that is committed to serving investors with a well-reasoned investment strategy that is packaged in an investor-friendly structure. ETFs are transparent, tax-efficient and often cost less to own than traditional mutual funds," said Levitt. Jonathan Steinberg, Chief Executive Officer, WisdomTree Investments, Inc., said, "Arthur Levitt is one of the great advocates of retail and institutional investors. As a major proponent of greater market transparency and investor education, he has made a unique contribution toward making the U.S. securities markets among the best in the world. We believe Arthur will be an invaluable resource to the company in helping to educate the public about the potential benefits of WisdomTree's family of fundamentally-weighted indexes and ETFs." Over the course of his tenure at the SEC, Mr. Levitt was responsible for creating the Office of Investor Education and Assistance and spearheading numerous reforms aimed at increasing overall transparency for investors. From 1989 to 1993, he served as the Chairman of the New York City Economic Development Corporation Overview New York City Economic Development Corporation (NYCEDC) is a non-profit local development corporation that promotes economic growth across New York City's five boroughs. , and from 1978 to 1989 he was the Chairman of the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . Prior to joining the Amex, Mr. Levitt worked for on Wall Street for 16 years. About WisdomTree Investments, Inc. WisdomTree Investments has developed the first family of fundamentally-weighted dividend indexes and ETFs. The WisdomTree Indexes cover all major market capitalizations, both domestically and internationally. In contrast to capitalization-weighted indexes, the WisdomTree Indexes anchor the initial weights of individual stocks to a measure of fundamental value. On June 16, 2006 the first 20 WisdomTree ETFs began trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus, containing this and other information is available by calling 1-866-909-WISE. Investors should read the prospectus carefully before investing. There are risks associated with investing including the possible loss of principal. Past performance does not guarantee future results. WisdomTree Funds are distributed by ALPS Alps, great mountain system of S central Europe, c.500 mi (800 km) long and c.100 mi (160 km) wide, curving in a great arc from the Riviera coast on the Mediterranean Sea, along the borders of N Italy and adjacent regions of SE France, Switzerland, SW Germany, and Distributors, Inc. The performance of WisdomTree Indexes is based on a back test, i.e., calculations of how an index might have performed in the past had it existed. Hypothetical back tested performance has inherent limitations and is not indicative of future results. Index performance data assumes reinvestment of dividends and does not reflect management fees, transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). or other expenses. You cannot invest directly in an index. In addition to the normal risks associated with investing, foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Funds focusing on a single country and funds that emphasize investments in smaller companies may experience greater price volatility. Transactions in fund shares will result in brokerage commissions and will generate tax consequences. (WIS000117 08/07) (C) 2006 WisdomTree Investments, Inc. "WisdomTree" is a service mark of WisdomTree Investments, Inc. WisdomTree Investments, Inc. has a patent pending on the methodology and operation of its indexes. |
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