1. Catherine Duddy Wood was born on 1955 and is an American investor and founder, chief executive officer, and chief investment officer of Ark Invest, an investment management firm.
13 Facts About Cathie Wood
1. 2.
Cathie Wood was born in Los Angeles, the eldest child of Gerald and Mary Duddy, immigrants from Ireland.
3.
Cathie Wood's father served in the Irish Army and the United States Air Force as a radar systems engineer.
4.
In 1974, Cathie Wood graduated from Notre Dame Academy in Los Angeles, an all-girls Catholic high school.
5.
One of Cathie Wood's professors was economist Arthur Laffer, advisor to Presidents Ronald Reagan and Donald Trump, who became Cathie Wood's mentor.
6.
In 1977, via her mentor Arthur Laffer, Cathie Wood got a job as an assistant economist at Capital Group, where she worked for three years.
7.
In 1998, along with Lulu C Wang, Wood co-founded Tupelo Capital Management, a hedge fund based in New York City.
8.
In 2014, after her idea for actively managed exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein, Cathie Wood left the company and founded ARK Invest.
9.
Cathie Wood is named after the Ark of the Covenant; Wood was reading the One-Year Bible at the time.
10.
Cathie Wood's funds have had mixed results over the years, and have been called rollercoaster rides.
11.
In 2020, her flagship ARK Innovation exchange-traded fund was the top-performing global equity fund with at least $1 billion of assets, and Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A Winkler.
12.
Cathie Wood was selected for the inaugural 2021 Forbes 50 Over 50; made up of entrepreneurs, leaders, scientists, and creators who are over the age of 50.
13.
Cathie Wood was divorced from Robert Wood, who died in 2018.