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...Cathie Wood’s Ark Investment Management is launching its first three active exchange traded funds in Europe, courting a new continent of investors after a run of poor performance and outflows in the US....
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...But Hal Barron has now stepped down from the post (he remains on the board) and been replaced by UK-based Tony Wood....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...Ark’s funds have a negative rating from Morningstar, which cites concerns over performance, risk management and the outsized role of Wood, who is chief executive and chief investment officer....
...Cathie Wood’s Ark Investment Management has a new pitch to investors who might be concerned by the asset manager’s huge losses owing to rising interest rates — think of the tax write-offs....
...AssetCo’s active equity asset management arm subsidiary, River and Mercantile, will launch its own ETFs on Rize’s platform....
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...But Wood’s forecasts remain dreamily far off. Bitcoin, the world’s largest cryptocurrency, trades at more than $26,000. Wood has claimed that by the end of the decade, it will hit $1mn....
...Earlier this year, the firm decided not to pursue its offer for UK oil engineering company Wood Group despite a months-long pursuit that saw it make multiple offers....
...Wood’s board “remains confident in Wood’s strategic direction and long-term prospects”, it said in a statement on Monday.The breakdown in talks caps a four-month attempt to acquire the Scottish group, whose...
...FT Live event: Future of Asset Management Asia The Future of Asset Management Asia is taking place for the first time in-person on 11 May at the Westin Singapore and will bring together Asia’s leading asset...
...Carvana itself is hardly out of the woods. Its stock has zoomed from less than $5 to about $50 in 2023....
...But this focus hasn’t endeared it to management teams, shareholders and boards....
...Cathie Wood’s Ark Investment Management has earned more than $300mn in fees on its flagship exchange traded fund since its inception nine years ago, while wiping out almost $10bn of investors’ cash in the...
...Sparta Capital, founded in 2021 by former Elliott Management portfolio manager Franck Tuil, has called on Wood Group to buy back its stock to lift its valuation....
...The Scottish company provides consultation, management of assets and engineering services for the energy and materials sector, and recently expanded into clean energy projects such as wind farms....
...Wood, 67, launched St. Petersburg, Florida-based asset manager Ark Investment Management in 2014....
...Apollo has also been involved in long-running talks to take energy services business Wood Group private....
...Cathie Wood has strong views on INNOVATION....
...The balance sheets of six of the suspended ETFs, designed to replicate the performance of technology-focused funds managed by Cathie Wood’s Ark Invest, reveal they were owed a total of C$2.54mn ($1.89mn)...
...Swedish broker Avanza has launched a fund for local investors managed by Ark Investment Management, the firm founded by star US manager Cathie Wood....
...Deacons O: 8; L: 8; I: 8; Total: 24The firm achieved the listing of a suite of investment products on the Hong Kong Stock Exchange on behalf of Taiwanese asset management firm Fubon Fund Management, including...
...Ark Investment Management chief executive Cathie Wood has stepped down as portfolio manager of the company’s two index funds, in the third shake-up of the firm’s portfolio management roster in as many months...
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