Tesla, Bitcoin Bull Cathie Wood Targets 20% ETF Returns

Firm has been in ownership dispute with Kelso-backed Resolute
Ark’s successes in 2020 include 150% return in largest fund

WATCH: Cathie Wood, Ark Investment Management founder and chief executive officer, discusses her expectations for future returns and the woulda-could-shoulda moments in her career.Source: Bloomberg)

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By Erik Schatzker

December 18, 2020 at 1:00 PM UTC

This article is for subscribers only.

No wonder a private-equity firm was trying to seize control of Cathie Wood’s Ark Investment Management.

Anyone could see her triple-digit returns, count the money pouring into her exchange-traded funds and witness her growing popularity on Twitter. Except Ark is much bigger and more profitable than it appears.