ARK Invest: ARKK etc "active" ETF's: die "Disruptors"-Blase am US-Markt (Seite 15)

[faultcode]

Antwort auf Beitrag Nr.: 71.436.440 von faultcode am 27.04.22 14:09:44

"the house of cards collapsed"

Absatz 7 der Summary ist mein Favorit:

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Bill Hwang Indictment
Case 1:22-cv-03402
https://de.scribd.com/document/571873292/Bill-Hwang-Indictme…


aber natürlich gilt auch hier die Unschuldsvermutung (presumption of innocence).

Nebenbei: wie üblich bei der SEC würde es sich um ein Zivilverfahren handeln, nicht um ein strafrechtliches. Hier geht's erstmal nur um Geld und um eine mögliche, permanente Sperre als Verantwortungsträger nach Definition der SEC

[faultcode]

Antwort auf Beitrag Nr.: 68.110.658 von faultcode am 07.05.21 22:58:38

Zitat von faultcode: Reuters meldet es nun auch:

Fri May 7, 2021 / 4:27 PM EDT
Ark Invest CEO Wood says Bill Hwang provided seed capital for first 4 ETFs - CNBC
https://mobile.reuters.com/article/amp/idUSKBN2CO21I
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Bill Hwang wurde nun festgenommen 📢📢📢

27.4.
Archegos Owner Bill Hwang Arrested by Federal Agents
https://www.nytimes.com/2022/04/27/business/archegos-bill-hw…

The men were charged with crimes including racketeering conspiracy in connection with a scheme to manipulate the company’s stock prices.


Federal agents arrested Bill Hwang, the owner of Archegos Capital Management, the $10 billion family office that imploded last year in a trading debacle, and his former chief financial officer on Wednesday morning.

Mr. Hwang and his former top lieutenant, Patrick Halligan, were arrested at their homes and are expected to appear in Manhattan federal court later today. The arrests were announced by Manhattan federal prosecutors.

Federal prosecutors said the men were charged with racketeering conspiracy, securities fraud and wire fraud in connection with a scheme to manipulate the prices of publicly traded stocks in order to boost returns. They said the plan, which relied heavily on leverage, helped pump up the firm’s portfolio from $1.5 billion to $35 billion in a single year.

The collapse of Archegos shocked Wall Street and caused major losses for big banks and led to investigations by federal prosecutors, the Securities and Exchange Commission and other regulators.

The arrests would mark one of the biggest Wall Street white collar prosecutions in years.
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[faultcode]

https://twitter.com/CathieDWood/status/1514781394035097606


=> ich führe hier ein neues Akronym ein: ERC = Elon's Reflexive Control ™

[faultcode]

Cathie Wood: "We are using our reseach."


https://twitter.com/CNBCOvertime/status/1513981945730023428

[faultcode]

Antwort auf Beitrag Nr.: 71.255.973 von faultcode am 01.04.22 15:47:00

hier der Original-Artikel von Morningstar -- eine einzige Klatsche:

31.3.
Why We've Downgraded ARK Innovation
Invest at your own risk.
Robby Greengold, CFA
https://www.morningstar.com/articles/1086987/why-weve-downgr…
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She (Cathie Wood) has saddled the portfolio with greater risk by slashing its number of stocks to 35 from 60 less than a year ago--thereby amplifying stock-specific risk--and growing its aggregate exposure to companies in which ARK Investment Management is a large shareholder.

The strategy has effectively become less liquid and more vulnerable to severe losses. Wood runs a variety of exchange-traded funds that often make shared bets on stocks and can’t close to new investors--an option open-end mutual fund rivals can use to preserve their liquidity and investment opportunity set. The firm has no risk-management personnel.

Wood’s reliance on her instincts to construct the portfolio is a liability.
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ARK has in place a poor succession plan for the 66-year-old Wood, who is essential as the firm's majority owner and lone portfolio manager. Director of research Brett Winton would succeed her if needed, but his 15 years of industry experience include none as a manager. Exacerbating that key-person risk is the firm’s inability to develop and retain talent: Many of its analysts have come and gone, and most of the nine remaining lack deep industry experience.
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Wood has suggested that risk management lies not with her but with those who invest in ARK’s funds. It’s tough to see why that should be so. ARK could do more to avert severe drawdowns of wealth, and its carelessness on the topic has hurt many investors of late. It could hurt more in the future.

[faultcode]

jetzt kommt's aber dicke:


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https://www.fnlondon.com/articles/cathie-woods-flagship-etf-…

[faultcode]

Bill Maurer:

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https://seekingalpha.com/article/4498963-arkk-cathie-woods-s…

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A couple of weeks ago, I detailed how the situation at the Ark Innovation ETF (NYSEARCA:ARKK) had reached an interesting point. All of a sudden, Cathie Wood and her team had stopped purchasing a number of their favorite names, despite many of these stocks continuing to fall.

I also noted how the ETF had been in consolidation mode for a number of months, but the number of names being sold was also slowing, thus limiting what could be bought. Well, a few weeks later, it seems that ARKK and Cathie Wood have found a way to start buying again, but the method here seems very suspicious to say the least.

As a reminder, there are two types of activity that happen for an active ETF like ARKK. First, the fund can have daily inflows or redemptions, at which point it uses the proceeds to buy or sell all of its holdings.
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The other way that positions can change is what is known as allocation trades. These are specific buys or sells where the Ark Invest team decides to increase or decrease the weight of a particular holding in an ETF. Cathie Wood and the Ark Invest team continually boast that they are very transparent because they send out a daily e-mail that shows these allocation trades for the six main active ETFs.
Ark Invest also has three Index based ETFs, but their activities are not part of the trades e-mail.
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The ETF has essentially been selling seven specific names behind the scenes without providing this information to investors through its normal daily e-mails.
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A quick look at this table provides some surprising results. Over this time period, for instance, Teladoc saw its position reduced by more than 1.1 million shares. However, a name like Zoom (ZM) hasn't even come down by 200,000 shares, a much smaller percentage. Teladoc doesn't appear in any of the daily trades e-mails, and the same can be said for the other six names, as key tracking website Cathie's Ark details below. These are the only allocation trades that ARKK made over the above mentioned time period.
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I would think investors would want to know that Cathie Wood and her team are in fact selling some of their favorites here, but regular investors likely don't have the time to keep track of all this data. All of this seems to put a dent in the Ark Invest transparency claim, but it gets worse when you consider the following past tweet from Cathie Wood.

I should point out that my previous communication efforts with Ark Invest have not been very fruitful to say the least, with the firm just referring me back to its trades e-mails and fund sites.
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So what's the key takeaway here today?
Well, many investors value trust, and it seems that ARKK is doing some very curious things here lately. With the firm's investment strategies under fire recently given massive losses over the past year, it seems that this is a way to quietly sell some losers and perhaps hope that nobody notices. Unfortunately, there's just too many Cathie Wood trackers out there now, and the daily e-mails plus Ark websites allow everyone to see what's really happening.

I've pointed out before that Cathie Wood doesn't always practice what she preaches, and this apparent selling behind the scenes at her flagship ETF isn't going to help build investor confidence. I wondered in my last article how ARKK was going to find its next set of proceeds to purchase some more if its names as they continue to drop, but this wasn't exactly what I was expecting to come next.
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[faultcode]

$PATH (UiPath) mit einem "Revenue Guidance Shortfall"
https://cathiesark.com/arkk/complete-holdings

=> daher heute dieser Absacker und damit entsprechende Auswirkungen in einer Reihe von ARK-ETF's, so auch im $ARKK:

[jameslabrie]

cathie

zeigt die zaehne heute lol

[faultcode]

14.3.
How Wall Street star Cathie Wood is defying her doubters
https://www.reuters.com/business/finance/how-wall-street-sta…
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Wood related to Lydon a recent conversation she had with an angry client who had millions invested with her fund and was prepared to pull it all out. She listened to their concerns without interrupting. Finally, it was her turn to speak.

"We have the same commitment to our strategy that we did at the market top, and if you liked it back then you should love it even more because valuations have become more attractive," she told the client from her office high above the palm trees of St. Petersburg, Florida, where she recently moved from New York.

By the end of the conversation, she had not only persuaded him to keep his money invested with her, but to add more to keep his overall allocation to her fund the same.
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While Wood declined to be interviewed for this article, those close to her say she is fielding multiple calls a day from financial advisers and investors to convince them to stick with her.

At the same time, she is making a conscious drive to appear in more public forums, such as TV interviews and conferences, in order to bolster the confidence of retail investors who make up a significant portion of her fund base.
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