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

Traders of the lost Ark: Cathie Wood's disruptive redemption
Ark's Cathie Wood (right) is a conviction investor (Image: Getty)
David Chaplin
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%...

More Finance

Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

Whineray appointed new Jarden chair
Finance

Whineray appointed new Jarden chair

Fraser Whineray quit as Fonterra's chief operating officer in July 2023.

Murray Jones 19 Jun 2024
Bluebird improves profits after investment in Wiri site
Finance

Bluebird improves profits after investment in Wiri site

Bluebird Foods NZ has posted a profit of $13.2m for the year ended December 2023.

Staff reporters 18 Jun 2024
The danger of seeking out a returns Booster
Finance

Paul McBeth: The danger of seeking out a returns Booster

The FMA needs to move swiftly in its bid to be a related party pooper.

Paul McBeth 18 Jun 2024