Cathie Wood Hints at New Fund With Private Investments

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Cathie Wood of Ark Investment Management, whose flagship Ark Innovation ETF  (ARKK) – Get ARK Innovation ETF Report is off 73% from its February 2021 peak, on June 9 dropped hints that she would quickly begin up a crossover fund. It would come with each private and non-private investments.

“We’re [the] closest to a venture capital fund in the public equity markets, and we’re going to start a crossover fund,” Wood she said in an interview with Bloomberg. She said she couldn’t say more for regulatory reasons.

Source: www.thestreet.com