Hints and tips:
...Announcing the debut of Ark’s European funds, Wood asserted that the Innovation fund strategy is “engineered to benefit from an impending economic transformation that we believe will surpass the historical...
...“The top question we have [received] from investors is ‘why can’t we access your strategies in Europe’,” said Wood....
...“I don’t think many people understand what an asset we have in terms of those tax-loss carry-forwards,” Wood said....
...However only its Cybersecurity Data Privacy ETF and Future of Food ETFs currently hold assets of more than €100mn. Wood expects to launch a range of active Ark funds in Europe by the end of the year....
...Apollo, which has around $617bn worth of assets under management, said it was “highly supportive” of TRG management’s current strategy to cut the company’s net debt to 1.5 times adjusted ebitda by the end...
...It now manages $7.6bn in assets. ARKK is unusually expensive — its annual management fee of 0.75 per cent of assets is about double the average for actively managed ETFs, according to FactSet....
...Wood, 67, launched St. Petersburg, Florida-based asset manager Ark Investment Management in 2014....
...Carvana itself is hardly out of the woods. Its stock has zoomed from less than $5 to about $50 in 2023....
...The group sees this as being a crucial selling point for its investment strategies....
...Under Gorman and Saperstein, it’s benefited from a combination of a bull market and a cleverly executed roll-up strategy....
...We look forward to making our strategy available to Swedish investors alongside Avanza.”...
...“This is not something I have seen before,” said Bryan Armour, director of passive strategies research, North America, at Morningstar. “I think it’s problematic....
...Citadel operates what’s known as a multi-manager model — there are hundreds of separate teams of traders and analysts who put on bets in different strategies....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...investors from moving their more than €4bn in combined assets out of the strategies....
...We’ve written a fair bit about the shitco carnage, how it’s infected even Big Tech and the damage it has inflicted on growth stonk jockeys like Cathie Wood and Chase Coleman....
...But Ark’s asset retention has been better than expected, says Wood. She believes this is a result of Ark’s communications strategy. “We overcommunicate. We are constantly putting out research....
...strategies this year....
...Together, the two categories accounted for nearly 20 per cent of assets under management and generated 36 per cent of the fees....
...On the face of it, Wood’s results have been spectacular....
...’s former boss at asset manager AllianceBernstein....
...Brookfield Asset Management is weighing a spin-off of its asset management business into a separate public company, a move that would mark a dramatic shift in strategy by one of the world’s largest alternative...
...However, in August when news broke that Michael Burry, made famous in the film The Big Short, had made substantial bets against ARKK, Wood took to Twitter to defend her strategy saying he did not understand...
...Goldman Sachs Asset Management manages more than $20bn in thematic equity strategies for clients and oversees $5.3bn in a similar thematic strategy to the new ETF for offshore clients....
...Ark’s sharp strategy shift, she told an audience of institutional fund managers on Thursday, was because the environment in China was “quite different” from the one that many global asset managers had poured...
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