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Search resuls for: "ARK Venture Fund"


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ARK Invest's chief futurist lists five groups that should give tech investors an edge. "We believe that this is a unique time in technological economic history," he told CNBC's "ETF Edge" this week. Winton collaborates with ARK Invest CEO Cathie Wood to maintain the ARK Venture Fund (ARKVX), which allows investors to buy into the private technology space. "That's a real challenge a lot of public market investors don't have that long-term view," Winton added. The ARK Venture Fund is down more than 7% so far this year.
Persons: ARK, Brett Winton, CNBC's, Winton, Cathie Wood Organizations: ARK, ARK Venture, Epic, Therapeutics
ARK Invest is betting big on private tech companies. "It's an amazing time to invest in innovation," the firm's chief futurist, Brett Winton, told CNBC's "ETF Edge" this week. Winton worked with the ARK Invest team to create the ARK Venture Fund (ARKVX), a closed end interval fund, in September 2022. Closed-end interval funds allow investors to invest in private companies at their net asset value at any time, regardless of market volatility. As of Thursday's close, the ARK Venture Fund was up 29% since its inception date.
Persons: Brett Winton, CNBC's, Winton, ARK, Organizations: Invest, ARK Invest, ARK Venture, Games, SpaceX
The world of investing in private companies
  + stars: | 2024-04-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world of investing in private companiesBrett Winton, Ark Investment chief futurist, joins CNBC’s Bob Pisani to discuss the ARK Venture Fund, investing in private companies and the advantages it holds.
Persons: Brett Winton, Bob Pisani Organizations: Ark Investment, ARK Venture Fund
Cathie Wood's Ark Invest has taken a stake in OpenAI, the popular artificial intelligence player that's behind ChatGPT. In a Thursday email to clients, the St. Petersburg, Florida-based asset manager said her ARK Venture Fund has invested in OpenAI as of Wednesday. Wood's firm launched the venture fund in September 2022, giving small investors access to the venture capital market with as little as $500 . The widely followed Wood has been a big AI bull, saying it's the most important catalyst in every corner of her disruptive innovation strategy. Wood has also spoken highly of DeepMind, an AI intelligence research lab acquired by Google in 2014, calling it "one of the best AI companies in the world."
Persons: that's, Ark, OpenAI's ChatGPT, Wood Organizations: ARK Venture Fund, SpaceX, Google Locations: OpenAI, ChatGPT, St . Petersburg , Florida
Ark Invest's Cathie Wood said Wednesday said artificial intelligence is the most important catalyst in every corner of her disruptive innovation strategy. "Many people say data is the new gold as they were talking about the cloud and other movements in technology, I think that's ever more true now with artificial intelligence," Wood said on CNBC's " Squawk Box ." "I think there's going to be a lot of commoditization in in this industry, in the whole artificial intelligence movement." In September, Ark Invest launched a new venture capital fund, targeting individual investors with a minimum investment of just $500. The actively managed Ark Venture Fund invests in 70% private firms and 30% public companies focused on technologically enabled innovation.
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Cathie Wood's Ark Invest launched a new venture capital fund, targeting individual investors with a minimum investment of just $500. "We are doubling down on innovation," Wood said in an interview on CNBC's "Squawk Box" Tuesday. The ARK Venture Fund charges a flat management fee of 2.75%, and does not charge any carried interest or load fees. Ark's flagship Innovation Fund (ARKK) has been under water all year as Wood's disruptive darlings have been some of the biggest victims of rising interest rates.
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