Cathie Wood Amasses $50 Billion and a New Nickname: ‘Money Tree’
- Ark Investment Management takes in almost $11 billion in 2021
- Much-followed firm now sells branded hats, T-shirts, onesies
Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC.
Photographer: Alex Flynn/BloombergThis article is for subscribers only.
In South Korea, retail investors have given Cathie Wood a nickname: “Money Tree.” Looking at the pile of cash now managed by Ark Investment Management, it’s easy to see why.
Ark’s exchange-traded fund assets under management crossed $50 billion this week, up from only $3.6 billion at this time last year, according to data compiled by Bloomberg. In 2021 alone, investors have funneled almost $11 billion in Wood’s family of funds.