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.
Israel launched a targeted airstrike near an Iranian military airbase overnight, as a retaliatory act to Iran’s aerial attacks that occurred less than a week ago.
The IMF is concerned about highly-leveraged hedge funds dominating the U.S. Treasury futures market, which could lead to systemic threats and instability in the global economy.