Difference between revisions of "Timeline of Ark Invest"
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! Year !! Month and date !! Event type !! Details | ! Year !! Month and date !! Event type !! Details | ||
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| + | | 2014 || - || Founding || ARK Investment Management LLC, commonly known as ARK Invest, is founded by Cathie Wood in St. Petersburg, Florida. The company is named after the Ark of the Covenant and also stands for Active Research Knowledge. Wood leaves AllianceBernstein, where she was the chief investment officer of global thematic strategies, due to her innovative ideas being deemed too risky. | ||
| + | |- | ||
| + | | 2014 || October || Launch || ARK Invest launches its first four actively managed exchange-traded funds (ETFs): the Innovation ETF, the Genomic Revolution ETF, the Next Generation Internet ETF, and the Autonomous Technology & Robotics ETF. | ||
| + | |- | ||
| + | | 2016 || - || Fund Launch || ARK introduces the 3D Printing ETF. | ||
| + | |- | ||
| + | | 2017 || - || Fund Launch || The Israel Innovative Technology ETF is launched. | ||
| + | |- | ||
| + | | 2017 || - || Stake Acquisition || Nikko Asset Management acquires a 15% stake in ARK Invest, following the success of a Global Fintech Equity Fund. Nikko gains exclusive rights to offer ARK products in Japan and the broader Asia-Pacific region. | ||
| + | |- | ||
| + | | 2019 || - || Fund Launch || The Fintech Innovation ETF is introduced. | ||
| + | |- | ||
| + | | 2020 || November || Acquisition Attempt || Resolute Investment Managers announce its intention to acquire a majority stake in ARK Invest. | ||
| + | |- | ||
| + | | 2020 || December || Repurchase || Cathie Wood repurchases the option to acquire a majority stake from Resolute Investment Managers, retaining control of the company. Resolute Investment remained a minority shareholder. | ||
| + | |- | ||
| + | | 2020 || December || Milestone || The Innovation ETF becomes the largest actively managed ETF with $17 billion in assets under management and achieved a 170% return for the year. | ||
| + | |- | ||
| + | | 2021 || January 11 || Milestone || ARK Invest becomes one of the top 10 issuers of exchange-traded funds. | ||
| + | |- | ||
| + | | 2021 || June || Filing || ARK files to create a bitcoin ETF under the ticker ARKB, pending SEC approval. | ||
| + | |- | ||
| + | | 2021 || October || Relocation || ARK Invest moves its office from New York City to St. Petersburg, Florida. | ||
| + | |- | ||
| + | | 2021 || November || Fund Launch || The Short Innovation ETF is launched, providing inverse exposure to the ARK Innovation ETF. | ||
| + | |- | ||
| + | | 2022 || July 31 || Fund Closure || ARK Invest announces the closure of the Transparency ETF (CTRU) due to the discontinuation of the Transparency Index by Transparency Global. | ||
| + | |- | ||
| + | | 2022 || November 22 || Statement || Cathie Wood states a $1 million bitcoin price target by 2030 during an interview on Bloomberg TV. | ||
| + | |- | ||
| + | | 2023 || April 25 || Re-filing || ARK re-files to launch the spot bitcoin ETF in the US. | ||
| + | |- | ||
| + | | 2024 || January 10 || Approval || The SEC approves ARK's spot bitcoin ETF, which begins trading the following day. | ||
| + | |- | ||
| + | | 2024 || August || Assets Update || ARK's assets under management drop to $6.71 billion, down from $50 billion at the peak in February 2021. | ||
|} | |} | ||
Revision as of 22:11, 25 August 2024
This is a timeline of FIXME.
Contents
Sample questions
The following are some interesting questions that can be answered by reading this timeline:
Big picture
| Time period | Development summary | More details |
|---|
Full timeline
| Year | Month and date | Event type | Details |
|---|---|---|---|
| 2014 | - | Founding | ARK Investment Management LLC, commonly known as ARK Invest, is founded by Cathie Wood in St. Petersburg, Florida. The company is named after the Ark of the Covenant and also stands for Active Research Knowledge. Wood leaves AllianceBernstein, where she was the chief investment officer of global thematic strategies, due to her innovative ideas being deemed too risky. |
| 2014 | October | Launch | ARK Invest launches its first four actively managed exchange-traded funds (ETFs): the Innovation ETF, the Genomic Revolution ETF, the Next Generation Internet ETF, and the Autonomous Technology & Robotics ETF. |
| 2016 | - | Fund Launch | ARK introduces the 3D Printing ETF. |
| 2017 | - | Fund Launch | The Israel Innovative Technology ETF is launched. |
| 2017 | - | Stake Acquisition | Nikko Asset Management acquires a 15% stake in ARK Invest, following the success of a Global Fintech Equity Fund. Nikko gains exclusive rights to offer ARK products in Japan and the broader Asia-Pacific region. |
| 2019 | - | Fund Launch | The Fintech Innovation ETF is introduced. |
| 2020 | November | Acquisition Attempt | Resolute Investment Managers announce its intention to acquire a majority stake in ARK Invest. |
| 2020 | December | Repurchase | Cathie Wood repurchases the option to acquire a majority stake from Resolute Investment Managers, retaining control of the company. Resolute Investment remained a minority shareholder. |
| 2020 | December | Milestone | The Innovation ETF becomes the largest actively managed ETF with $17 billion in assets under management and achieved a 170% return for the year. |
| 2021 | January 11 | Milestone | ARK Invest becomes one of the top 10 issuers of exchange-traded funds. |
| 2021 | June | Filing | ARK files to create a bitcoin ETF under the ticker ARKB, pending SEC approval. |
| 2021 | October | Relocation | ARK Invest moves its office from New York City to St. Petersburg, Florida. |
| 2021 | November | Fund Launch | The Short Innovation ETF is launched, providing inverse exposure to the ARK Innovation ETF. |
| 2022 | July 31 | Fund Closure | ARK Invest announces the closure of the Transparency ETF (CTRU) due to the discontinuation of the Transparency Index by Transparency Global. |
| 2022 | November 22 | Statement | Cathie Wood states a $1 million bitcoin price target by 2030 during an interview on Bloomberg TV. |
| 2023 | April 25 | Re-filing | ARK re-files to launch the spot bitcoin ETF in the US. |
| 2024 | January 10 | Approval | The SEC approves ARK's spot bitcoin ETF, which begins trading the following day. |
| 2024 | August | Assets Update | ARK's assets under management drop to $6.71 billion, down from $50 billion at the peak in February 2021. |
Meta information on the timeline
How the timeline was built
The initial version of the timeline was written by FIXME.
Funding information for this timeline is available.
Feedback and comments
Feedback for the timeline can be provided at the following places:
- FIXME
What the timeline is still missing
Timeline update strategy
- Add Cathie Woods interviews with Elon Musk, Peter Diamandis, etc
