(ARKK), (ARKF) - Cathie Wood Responds To Jim Cramer's Call To Close Off Ark Funds
Share: Ark Investment Founder and CEO Cathie Wood joined Benzinga's "Raz Report" this week to discuss the company's ETFs. She also got a chance to respond to Jim Cramer. What Cramer Said: On CNBC last month, Jim Cramer gave the fund manager a suggestion: "Memo to Cathie Wood, close your fund." Cramer wasn't suggesting Ark Funds shut down or for Wood to stop managing funds. The suggestion was rather to close off the Ark Funds from new investments. "Concentrate on performance, not on trying to deploy capital," Cramer said. Cramer said many of the great fund managers closed off their funds from...
Source: benzinga.com