GameStop Drama Is So Big That It’s Overshadowing Cathie Wood
- Her flagship $23 billion fund faces three days without inflows
- Hit by volatility, disappointing Tesla report, profit taking
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With all Wall Street eyes on GameStop Corp., a months-long obsession with Cathie Wood’s Ark Investment Management is finally showing signs of easing.
Until the video game retailer stole the headlines, Ark was the hottest thing in investment, luring billions in new money amid the dash to thematic exchange-traded funds. Now its main ETF has gone without an inflow for three days for the first time since October -- and could post a weekly outflow for the first time since Covid struck.