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Cathie Wood

Cathie Wood

Cathie Wood is an American investor who also serves as the Chief Executive Officer and Chief Information Officer of Ark Invest. Ark Invest is an investment management firm that focuses on investing in creative companies and disruptive technologies. She was born in Los Angeles, California, on November 26, 1955

In 1981, Wood graduated from the University of Southern California with a Bachelor of Science degree in finance and economics. Her most influential teacher was the economist Arthur Laffer, who taught her in several of her classes. 1977 was the beginning of her professional career, and she began working for Capital Group as an assistant economist. She remained with the company for a total of three years. After that, she made the move to New York City to accept a position at Jennison Associates, where she remained for the next 18 years in various capacities, including those of chief economist, analyst, portfolio manager, and managing director. Along with Lulu C. Wang, she established Tupelo Capital Management, a hedge fund with headquarters in New York City, in the year 1998.

In 2001, Wood became the chief investment officer of global theme strategies at AllianceBernstein, where he was responsible for managing $5 billion. She departed the company in 2014 as a result of AllianceBernstein's decision that her proposal for actively managed exchange-traded funds based on disruptive innovation posed an unacceptable level of risk. After that, she established an investment firm called Ark Invest, which takes its name from the Ark of the Covenant and focuses on making investments in breakthrough technology and businesses.

A substantial amount of attention has been drawn to Wood as a result of the investment tactics she employs and her positive outlook on disruptive technology. Matthew A. Winkler, who served as the editor-in-chief emeritus of Bloomberg News, awarded her the title of the greatest stock picker for the year 2020. As of the month of March 2021, two of Wood's funds were included on the list of the 10 largest female-run funds in terms of total net assets.

It was announced in 2021 that Wood had been chosen for the first-ever Forbes 50 Over 50 list, which honors businesspeople, political figures, scientists, and other innovators who are over the age of 50.

In December 2022, Wood's flagship fund, Ark Innovation, had underperformed the S&P 500 for the previous five years, losing more than eighty percent of its value since reaching its high point the previous year. This has led to some debate, and her investment approach has been called into question as a result.

News

First Citizens BancShares Buys Failed Silicon Valley Bank

First Citizens BancShares Buys Failed Silicon Valley Bank

First Citizens BancShares, the 30th largest commercial bank in the United States based in North Carolina, has agreed to acquire the assets of Silicon Valley Bank (SVB), a California lender whose sudden collapse earlier this month sent shock waves across the financial sector

Arbitrum's Highly-Anticipated Airdrop: The Wild Ride of ARB Token

Arbitrum's Highly-Anticipated Airdrop: The Wild Ride of ARB Token

Arbitrum's highly anticipated token airdrop has finally gone live, but not without causing a stir in the cryptocurrency market. The landing page for the project briefly crashed as the project opened the gates to its ARB token, along with Arbiscan, causing frustration for users. In the first 30 minutes following the opening of the claiming window, the blockchain explorer saw a record number of over 84,000 visitors

HowTo

How to Mine Polkadot?

How to Mine Polkadot?

Polkadot is a blockchain platform that was created by Gavin Wood, one of the co-founders of Ethereum, and launched in May 2020. The project uses a multi-chain architecture, where multiple parallel blockchains (known as "parachains") can operate simultaneously and communicate with each other

What is Cold Storage?

What is Cold Storage?

In the world of cryptocurrency, security is of utmost importance. With the popularity of cryptocurrencies, hacks, and security breaches come along. Cold storage of digital assets has emerged as an increasingly popular option for those seeking increased protection. This article will examine the advantages and disadvantages of cold storage and show you how to select the optimal solution for your needs