Cathie Wood's Bold Ethereum Prediction for 2023: What You Need to Know

Cathie Wood’s Bold Ethereum Prediction for 2023: What You Need to Know
#bitcoin #cryptocrash #cathiewood

Catherine Duddy Wood (born November 26, 1955) is an American investor and the founder, CEO, and CIO of Ark Invest, an investment management firm.
In 1977, via her mentor Arthur Laffer, Wood got a job as an assistant economist at Capital Group, where she worked for three years. In 1980, she moved to New York City to take a job at Jennison Associates as chief economist, analyst, portfolio manager, and managing director. She worked there for 18 years. In the early 1980s, she debated Henry Kaufman on why she believed interest rates had peaked.

In 1998, along with Lulu C. Wang, Wood co-founded Tupelo Capital Management, a hedge fund based in New York City.

In 2001, she joined AllianceBernstein as chief investment officer of global thematic strategies, where she worked for 12 years, managing $5 billion. She was criticized for performing worse than the overall market during the financial crisis of 2007–2008.

In 2014, after her idea for actively managed exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein, Wood left the company and founded Ark Invest. The company is named after the Ark of the Covenant; Wood was reading the One-Year Bible at the time. ARK’s first four ETFs were seeded with capital from Bill Hwang of Archegos Capital.
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