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ARK Destroyed More Wealth Than Any Asset Manager Over the Previous Decade

From mishtalk.com

Congratulations to Cathie Wood for losing $14.3 billion over the past decade, more than any other fund manager according to Morningstar. {chart} The Wall Street Journal reports Cathie Wood’s Popular ARK Funds Are Sinking Fast Cathie Wood’s investors are jumping ship. They rushed into her funds and won big during the pandemic, when the star fund manager became a social-media sensation by making bold bets on disruptive technology stocks such as Tesla (TSLA), Zoom Video Communications (ZM) and Roku (ROKU). They largely stuck with her when the funds’ fortunes reversed after the Federal Reserve raised interest rates. Now, ... (full story)

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