Cathie Wood
Bio
- From Cointelegraph (3-2023):
"Cathie Wood is the founder, CEO and chief investment officer of ARK Investment Management, a United States-based investment firm that manages just over $6 billion in investor assets as of January 2023. Wood created the company in 2014 to provide stock packages in the format of exchange-traded funds.
Wood studied economics at the University of Southern California under the tutorship of Arthur Laffer, a renowned economist who was also an adviser in the administration of former U.S. President Ronald Reagan. While at the university, she worked as an assistant economist at Capital Group, a financial services company.
After graduating, Wood joined Jennison Associates in 1980, where she spent 18 years working in various capacities, including as a portfolio manager. She left the company in 1998 and went to work at the Tupelo Capital Management hedge fund as a portfolio manager. The firm applied thematic strategies extensively, a technique used today by Wood’s ARK Invest.
She then joined AllianceBernstein in 2001, serving as a portfolio manager and a limited partner during her stint at the firm. She stayed at the research and investment company for 12 years before leaving in 2013 to start ARK Invest."
Occupations
- ARK Investment Management; founder, CEO and chief investment officer
Investments
- From Cointelegraph (3-2023):
"ARK Invest lost over $50 billion due to the bold bets, which also devalued the company by about 50% over the year. In December, her firm bought about $12 million in Tesla stock after CEO Elon Musk offloaded $3.6 billion worth, indicating renewed confidence in the car company’s future performance. In November, her company also purchased 176,945 shares of Grayscale Bitcoin Trust, valued at $1.5 million. In December 2022, her investment company purchased 158,000 shares of Coinbase, which underperformed in 2022 and lost over 70% of its value after the cryptocurrency market turned bearish."
