No wonder a private-equity firm was trying to seize control of
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.”
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. ...