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ARK Investment Management LLC (commonly referred to as "ARK" or "ARK Invest") is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs). [3] It was founded by Cathie Wood in 2014.
Cathie Wood, the founder of investment management firm Ark Invest, is known for her aggressive bets on disruptive technologies. Her flagship fund, the Ark Innovation ETF (ARKK), made headlines in ...
Her flagship ARK Innovation exchange-traded fund (ETF) has received accolades for its performance in 2017, 2020 and 2023, but is also considered by Morningstar to be the third highest "wealth destroyer" investment fund from 2014–2023, losing US$7.1 billion of shareholder value in ten years.
Momentum is starting to roll Cathie Wood's way. The Ark Invest co-founder, CEO, and chief investment officer is losing to the market for the third time and has had a couple of choppy years since ...
Data source: Ark Invest, Cathiesark.com. Table by author. According to that data, Wood and her team reduced their holdings of Palantir across Ark's various funds by roughly 1.9 million shares ...
The investment firm has held a stake in Adyen since 2019, and following the additions, ARK's stake in the payments processor is now worth $14.5 million.
Wood profited from riding a number of this year's big winners, including Coinbase and Tesla, but her overall portfolio has a profitability problem.
Cathie Wood failed to repeat her stellar 2020 performance with ARK Invest funds in the first quarter, but the celebrity fund manager still managed to attract a steady pile of cash into her red-hot ...