Why did Cathie Wood leave Ark invest?

In 2014, after Cathie Wood's idea for actively managed exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein, where she was chief investment officer of global thematic strategies, she left and founded Ark Invest. The company is named after the Ark of the Covenant.

Did Cathie wood sell off Ark Innovation Fund?

"Sell-off in Cathie Wood's ARK Innovation fund reached 48% at low point Thursday". CNBC. Retrieved January 6, 2022. ^ Johnson, Steve; Boyde, Emma (November 11, 2021). "SARK launches as short interest in ARKK jumps to new record". Financial Times. Retrieved February 13, 2022. ^ Ballantine, Claire; Ponczek, Sarah (February 27, 2021).

Is Ark an anti-Cathie Wood bet?

“Some people are using it as an anti-Cathie Wood bet,” says chief executive Matthew Tuttle, while others are using it as a hedge against their exposure to growth stocks at a time when interest rates and inflation are rising. Some people see flaws in Ark’s business model. Edwin Dorsey,