Vivek Ramaswamy’s Anti-ESG Firm Now Has $1 Billion in ETF Assets

Strive Asset Management, an anti-activism fund company co-founded by Republican presidential hopeful Vivek Ramaswamy, has crossed $1 billion in assets even as it comes under legal scrutiny.

Ohio-based Strive controls these assets across its 11 exchange-traded funds, just over a year since its first fund began trading, according to a press release Tuesday. The asset manager launched in 2022 with backing from billionaire investors including Peter Thiel and Bill Ackman as an antithesis to investment giants such as BlackRock Inc., which have emphasized environmental, social and governance-focused investing.

Strive’s mission statement — encouraging companies to “focus on excellence” rather ...