Traders of the lost Ark: Cathie Wood's disruptive redemption

Ark's Cathie Wood (right) is a conviction investor (Image: Getty)

Wed, 09 Mar 2022

Ark Invest had an unbelievable 2020.The soon-to-be Florida-based fund manager saw its flagship Ark Innovation Fund soar from just over US$3 billion at the start of the year to peak at more than US$43b early in 2021.As at February 2021, the “disruptive innovation” specialist reported over US$60b under management across its fleet of exchange-traded funds and other investment vehicles, rounding off an astonishing rise from relative obscurity.Investors boarded Ark in droves after the manager’s core fund reported an outlandish 150%...

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