Cathie Wood, chief executive officer of Ark Investment Management, speaks during an artificial intelligence summit in St. Petersburg, Florida.
Photographer: Octavio Jones/Bloomberg
Cathie Wood Reshapes Florida City in Image of Her Boom-Bust Fund
The well-known investor is making her mark in St. Petersburg more than two years after she moved her firm out of New York, joining others in the finance world who decamped for the Sunshine State.
Cathie Wood is a lot of things to a lot of people in St. Petersburg, Florida.
Her Ark Investment Management is the lead tenant on a state-of-the-art startup incubator. She’s partnered with the local school district on a science and technology curriculum. And she’s become a recognizable face in a town without much of a Wall Street presence, including among fans who seem unperturbed by — perhaps unaware of — the rocky performance of her flagship fund.