Ark Invest Expands Research Arm, Focusing on Blockchain Technology and AI

Ark Investment Management LLC, which is owned by Cathie Wood has increased its team. The investment management firm plans on expanding its research arm to pursue deeper development in various areas, including blockchain.

According to official documents, ARK Investment Management, owned by Cathy Wood, has promoted Brett Winton from chief futurist to four senior researchers and hired five research assistants.

Brett Winton said:

“We believe that collectively, artificial Intelligence, robotics and energy storage will rise from less then 10% to over 60% by 2030. This represents the longest period in history of value-creation.”

Winton stated that he would be driving ARK’s long term forecasts across convergent economies, technologies, and asset classes. ARK will measure the impact of the unprecedented technological boom on public equities and private equities as well as crypto assets, fixed income, the global economy, and other asset classes.

Cathie Wood, founder of ARK and CEO believes that this reorganization will increase the team’s size while allowing convergence between technologies that create the S curve and the S-curve.

Tasha Keeney is the financial modeler for the research team, while Sam Korus directs the autonomous technology team and robotics team. Simon Barnett studies life sciences, and Frank Downing focuses on Internet development.

ARK will also employ five research assistants to work on autonomous technology and robots, next generation internet, and venture capital.

Ark Invest shares plunged as the wider digital currency ecosystem fell across the board. Ark Innovation ETF is down by 57.74% thus far in this year.

Ark Invest also sold Robinhood shares in the amount of $500,000 based upon Tuesday’s closing prices of $8.43 on July 31.

Source: Shutterstock

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