As digital currencies go mainstream, RIA firms including $35 billion Mariner Wealth Advisors are learning how to advise on them, allocate them in portfolios, and get paid for doing so.
Cathie Wood, CEO of ARK Investment Management. Alex Flynn/Bloomberg
Star fund manager Cathie Wood is setting her eyes on yet another booming industry, and it’s setting the stocks on fire.
ARK Investment Management, an asset-management firm led by Wood, filed late Wednesday to launch the ARK Space Exploration exchange-traded fund under the ticker ARKX.
Although the fund isn’t on the market yet and its exact holdings are unknown, the news itself was bullish enough to spark a rally in many companies related to the space business.
It’s the latest demonstration of how popular and influential ARK Investment and its founder Wood has become in the past year.
Larry Fink is positive about the outlook for markets, but that doesn’t mean the going will be smooth: He also expects a 5% to 10% correction in the course of the year.
SPAC Mania Gives Early Investors Steady Returns With Little Risk
Hedge funds score gains when blank-check companies rise after announcing deals to take startups public Private companies are flooding into special-purpose acquisition companies, or SPACs, to bypass the traditional IPO process and gain a public listing. WSJ explains why some say investing in these so-called blank-check companies isn’t worth the risk. Illustration: Zoë Soriano/WSJ By Jan. 13, 2021 5:30 am ET
Sudden excitement about the flurry of startups going public through so-called blank-check companies is enriching some of the biggest players in finance, particularly hedge funds.
The gains come through the unique rights given to early investors in special-purpose acquisition companies, or SPACs, which look to acquire promising startups and take them public. As the vehicles become more popular, the hedge funds that invest in them early on, such as Magnetar Capital, Glazer Capital
https://www.wsj.com/articles/barbara-novick-blackrocks-most-powerful-woman-is-finally-retiring-11610546400 WSJ News Exclusive Barbara Novick, BlackRockâs Most Powerful Woman, Is Finally Retiring Co-founder who led money managerâs lobbying efforts plans to transition from vice chairman to senior adviser role on Feb. 1 Vice Chairman Barbara Novick played a key role in getting BlackRock heard by regulators last year. By Jan. 13, 2021 9:00 am ET
One of BlackRock Inc.âs most well-known co-founders, Barbara Novick, is taking a stab at retirement for the second time.
Ms. Novick led the firmâs public-policy efforts, building a lobbying machine that allowed BlackRock to avoid the same regulations as banks and fueling its rise into the worldâs largest money manager with $7.8 trillion under management. She tried to leave last year but stayed on as the coronavirus pandemic unnerved markets. She says this time it