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Ark’s Cathie Wood: ‘Queen of the bull market’ faces her toughest test

Concentrated bets on disruptive companies have left the pioneering ETF company vulnerable as sentiment shifts

No one comes close to embodying the US stock market boom quite like Cathie Wood.

Ark Invest, the investment company the Californian native founded in 2014, was made for those who fancy a version of the tech-driven bull market on steroids.

Harnessing social media with a skill rarely seen on Wall Street, Wood has attracted legions of retail investors and billions of dollars by pitching aggressive bets on companies and technologies she says will reshape the world, most famously Tesla. The results have been spectacular — until now.

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