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Cathie Wood Sees Control Fight Ending, Lifting Cloud Over Ark

Dec. 18, 2020, 1:00 PM

No wonder a private-equity firm was trying to seize control of Cathie Wood’s Ark Investment Management.

Anyone could see her triple-digit returns, count the money pouring into her exchange-traded funds and witness her growing popularity on Twitter. Except Ark is much bigger and more profitable than it appears.

“We’re up to $50 billion,” Wood, Ark’s chief executive officer, said in a Bloomberg “Front Row” interview. “Our business is very profitable.”

WATCH: Cathie Wood, Ark Investment Management founder and chief executive officer, discusses her expectations for future returns and the woulda-could-shoulda moments in her career.
Source: Bloomberg)

In addition to the $30.5 billion of assets in its seven ETFs, Ark manages accounts for retail and institutional clients as well as funds in non-U.S. markets. ...

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