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
- Seemed to have known insider info regarding Coinbase getting subpoenaed by the SEC and then subsequently dumped COIN just before the announcement, buying back not long after, during the SEC caused COIN dip.
- 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."
