Wisdom Tree Sees Lawsuit Dropped, Ellington & Annaly’s Attitudes on MBS Market: Financial Biz Update
WisdomTree Investments (NASDAQ:WETF) sees Research Affiliates withdrawing its patent infringement lawsuit against it, reporting that “All claims will be dismissed with prejudice.” For its part, the former plaintiff’s Chief execuitve Bob Arnott said that his firm “acknowledge that WisdomTree’s fundamentally-weighted indexes and strategies were developed (independently).”
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Observers are noting the difference in management attitudes between the mortgage players Ellington Financial (NYSE:EFC) and Annaly Capital Management (NYSE:NLY). Both firms are highly aware of problems that arise from the Federal Reserve’s involvement with the mortgage-backed securities market, but Ellington, through its earnings call, exudes optimism in regards to the trading opportunities which will surely come, while Annaly says that the “balance sheet is not a trading vehicle.”
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