Catherine D. Wood

Catherine D. "Cathie" Wood is the founder, CEO, and CIO of ARK Investment Management LLC (Ark Invest), an investment management firm that managed the largest actively-managed exchange-traded fund in 2020. and in January 2021, Wood's Ark Investment Management filed plans for ARK Space Exploration ETF (ticker ARKX) with the Securities and Exchange Commission to "primarily track U.S. and global companies engaged in space exploration and innovation." One of Wood's professors was Arthur Laffer, who became Wood's lifelong mentor.
Investment career
Wood started her career as an assistant at Capital Group. In 2014, Wood founded ARK Investment Management LLC. sending a letter to the Tesla board that she believed the valuation of Tesla would reach US$4000 in five years. On January 11, 2021, Bloomberg reported that Wood's Ark Investment Management became one of "the top 10 issuers in the $5.5 trillion exchange-traded fund industry," due to demand for companies in its fund, including Tesla Inc.
On December 23, 2020, CNBC reported that Wood's Ark Innovation became the largest actively managed ETF, with a 170 percent return in 2020. According to data from Bloomberg, Ark Innovation held close to $16 billion in assets by the end of 2020.
On January 13, 2021, Bloomberg reported that Wood’s Ark Investment Management filed plans for ARK Space Exploration ETF (ticker ARKX) with the Securities and Exchange Commission to "primarily track U.S. and global companies engaged in space exploration and innovation." After this annoucement, Richard Branson's investment in Virgin Galactic Holdings Inc. grew by about $300 million.
On January 20, 2021, CNBC reported that Wood "expects 'explosive' earnings in 2021 as companies continue to bounce back from the pandemic recession."

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