Criticism of Active Funds and Cathie Wood

Cathie Wood's ARK Invest was invested in heavily by Bill Hwang in its early days.

Bill Hwang, who invested a large amount of money in Cathie Wood — she holds a Christian worldview and her firm carries the meaning of "ark" — was perhaps a perfect match.

He has always shown pro-Christian behavior. Bill Hwang invested his own money through a family office, but the problem is that Cathie Wood runs an active fund that manages other people's money.

Cathie Wood has been buying Baidu on a large scale, especially according to data from 2020 to 2021. As of March 2021 in particular,

2
Baidu was the stock Cathie Wood was buying the most. She said Baidu was an AI autonomous driving company and therefore fit the nature of her fund, but

As the stock price declined, Baidu became the stock she was selling the most. Then, when Bill Hwang's margin call crisis suddenly broke out, she announced that she would no longer invest in Chinese companies.

She bought at Baidu's peak, then sold it off when Bill Hwang's margin call crisis occurred. Unless she was running the fund at her own discretion to rescue Bill Hwang, how else can this be explained? Can you still trust active funds after this?

Related Items

• _e.240731 시장에서 모든 사람은 자신의 이익을 위해서 충실하다