Cathie Wood: Difference between revisions
ReferenceMan (talk | contribs) Added Bloomberg editor-in-chief emeritus comment on her being the best stock picker in 2020. Added citations. Cleaned up run-on sentence. Provided name of degree. |
added Category:American money managers using HotCat |
||
| Line 17: | Line 17: | ||
[[Category:Living people]] |
[[Category:Living people]] |
||
[[Category:American money managers]] |
|||
Revision as of 16:32, 2 January 2021
Catherine D. Wood, also known by the name Cathie Wood, is the founder, CEO, and CIO of ARK Investment Management LLC (Ark Invest), an investment management firm.[1][2] She was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.[3]
Early life and education
In 1981, she graduated summa cum laude from the University of Southern California, with a Bachelor of Science degree in finance and economics.[2][4]
Investment Career
She started her career as an assistant at Capital Group.[4] She worked for 18 years at Jennison Associates as chief economist, analyst, portfolio manager and director.[4] In 2000, she co-founded the hedge fund Tupelo Capital Management.[4] She completed 12 years at AllianceBernstein as chief investment officer of global thematic strategies.[4][2][5] In 2014, she founded ARK Investment Management LLC.[1][2][4]
She played a role in convincing Tesla, Inc. CEO Elon Musk to keep the company public after Musk's August 2018 tweet "Am considering taking Tesla private at $420. Funding secured.",[6] sending a letter to the Tesla board that she believed the valuation of Tesla would reach US$4000 in five years.[2]
On December 28, 2020, she repurchased an option to regain major shareholder control of Ark Invest and reached an agreement with Resolute Investment Managers, Inc., while continuing the usage of Resolute's distribution services, via a "multi-tranche term loan financing facility provided by Eldridge Corporate Funding LLC".[7]
References
- ^ a b "Meet ARK". ARK Invest. ARK Investment Management LLC. Retrieved 30 December 2020.
{{cite web}}: CS1 maint: url-status (link) - ^ a b c d e Winkler, Matthew A. (18 February 2020). "Cathie Wood, the Best Investor You've Never Heard Of". Yahoo Finance. Verizon Media. Retrieved 30 December 2020.
- ^ "The Best Stock Picker of 2020 Wins With Disruptive DNA". Bloomberg.com. 2020-12-31. Retrieved 2021-01-01.
- ^ a b c d e f Institute, Investments & Wealth. "Catherine D. Wood". content.investmentsandwealth.org. Retrieved 2021-01-01.
- ^ Cuccinello, Hayley C. (13 October 2020). "'Go For It': America's Richest Self-Made Women On Founding Businesses After 40". Forbes. Forbes Media LLC. Retrieved 30 December 2020.
- ^ Musk, Elon [@elonmusk] (August 7, 2018). "Am considering taking Tesla private at $420. Funding secured" (Tweet) – via Twitter.
- ^ Ballentine, Claire (28 December 2020). "Cathie Wood Buys Back Option That Had Threatened Control of Ark". Bloomberg.com. Bloomberg L.P. Retrieved 30 December 2020.