Ark Invest

ARK Investment Management LLC
Company typePrivately held company
IndustryAsset management
Founded2014; 10 years ago (2014)
FounderCathie Wood
HeadquartersSt. Petersburg, Florida
Key people
Cathie Wood, CEO
ProductsExchange-traded funds
AUMDecrease $6.71 billion [1]
Owner

Number of employees
45 [2]
Websiteark-invest.com

ARK Investment Management LLC (commonly referred to as "ARK" or "ARK Invest") is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs).[3] It was founded by Cathie Wood in 2014.[4][5] At the height of February 2021, the company had US$50 billion in assets under management.[6] As of October 2023, assets had dropped to $6.71 billion, after a period of poor performance.[7]

  1. ^ "ARKK Total Assets Under Management". ycharts.com. Retrieved October 4, 2023.
  2. ^ "Meet the ARK Team". ark-invest.com. Retrieved October 4, 2023.
  3. ^ Schatzker, Erik (December 18, 2020). "Tesla, Bitcoin Bull Cathie Wood Targets 20% ETF Returns". Bloomberg News.
  4. ^ Fitzgerald, Maggie (December 23, 2020). "Cathie Wood's ARK Innovation becomes largest actively managed ETF, amid 170% 2020 return". CNBC. Archived from the original on January 19, 2021.
  5. ^ Cuccinello, Hayley C. "'Go For It': America's Richest Self-Made Women On Founding Businesses After 40". Forbes. Archived from the original on January 19, 2021.
  6. ^ Ballentine, Claire (February 5, 2020). "Cathie Wood Amasses $50 Billion and a New Nickname: 'Money Tree'". Bloomberg News. Archived from the original on February 19, 2021.
  7. ^ Agnew, Harriet (December 21, 2022). "Cathie Wood's Ark sheds almost $50bn in assets since 2021 peak". Financial Times. Retrieved March 5, 2024.