Who is Cathie Wood? The controversial figure behind Ark Invest

Published on 21 Oct 2024 on Bankrate · via Yahoo Finance

Who is Cathie Wood? The controversial figure behind Ark Invest

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 2020 when it netted a whopping 153 percent return for the year. But some dramatic losses have occurred since then, leading many investors and experts to question the fund’s long-term potential and Wood’s own stock-picking strategy.

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