Cathie Wood's popular ARK funds are sinking fast
Investors have pulled a net $2.2 billion from ARK’s active funds this year, topping outflows from all of 2023.
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Investors have pulled a net $2.2 billion from ARK’s active funds this year, topping outflows from all of 2023.
In early 2021, Cathie Wood's ARK Invest managed $59B across 6 funds, becoming the world's largest active ETF manager. However, by April 2024, heavy outflows and underperforming holdings have caused assets under management to plummet to $11.1B.
Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During the quarter the strategy returned 11.8% net of fees compared to the S&P 500’s 10.6% return. The outperformance of the portfolio can be attributed to selection and […]
Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here.
Masso Torrence Wealth Management Inc. purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,739 shares of the cryptocurrency exchange’s stock, valued at approximately $302,000. Several other hedge funds also recently modified […]