Ramaswamy’s Anti-ESG ETF Firm Hits $1 Billion in Assets
- Two former employees have filed lawsuits against co-founders
- Strive co-founder campaigning to be GOP Presidential nominee
Vivek Ramaswamy speaks with members of the media in Milwaukee, Wisconsin, on Aug. 22.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Strive Asset Management, an anti-activism fund company co-founded by Republican presidential hopeful Vivek Ramaswamy, has crossed $1 billion in assets even as it comes under legal scrutiny.
Ohio-based Strive controls these assets across its 11 exchange-traded funds, just over a year since its first fund began trading, according to a press release Tuesday. The asset manager launched in 2022 with backing from billionaire investors including Peter Thiel and Bill Ackman as an antithesis to investment giants such as BlackRock Inc., which have emphasized environmental, social and governance-focused investing.