ARK Investment Management is working with cryptocurrency-focused technology provider Eaglebrook Advisors to make two digital asset investment strategies available to advisors by the middle of this month, according to Eaglebrook CEO Chris King. Founded in 2014 by Wood, St. Petersburg Fla.-based ARK has grown assets under management to more than $14 billion, but both the firm and its owner have come under fire in recent months after its flagship ETF strategy foundered amid ongoing market volatility. “There have been a few epic failures such that I think the risk/volatility would be hard to identify,” said T. Neil Bathon, managing partner at FUSE Research Network.
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Article published on October 3, 2022