Cathie Wood’s Ark Empire Bleeds As Investor Outflows Spike: ‘The Loyal Shareholders Have Become Frustrated’
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.
