@INArteCarloDoss @funwithnumberz @OpenOutcrier @DW3p4c @TheMarketDog @acpandy It’s telling to go back & look at filings from 2015-2018. ARK was generating sub-$1 MILLION in fee revenue across their ETFs for the 1st 3 yrs of existence. FY18 was first “big” fee rev yr, and the 4 active ETFs only brought in $8m. That is literally nothing. You cannot...
@INArteCarloDoss @funwithnumberz @OpenOutcrier @DW3p4c @TheMarketDog @acpandy ...run a legitimate fundamental actively managed group of funds on that kind of revenue (or lack thereof). You wind up with insanely poor, inexperienced talent bc you can’t pay anyone a real bonus...but they did this for 4+ years. Fee revenue this year (Fy21) will likely...
@INArteCarloDoss @funwithnumberz @OpenOutcrier @DW3p4c @TheMarketDog @acpandy ...eclipse $250 million from their 6 active ETFs alone. That’s obv an enormous number, comparable to a mature/blue chip HF. But the core of the staff is largely the same as it was 3-4 yrs ago when they were making literally no money. I’ve started to write about this in the...
@INArteCarloDoss @funwithnumberz @OpenOutcrier @DW3p4c @TheMarketDog @acpandy ...past but stopped bc it will come across sounding hyper critical when it’s not, it’s just factual - the origin story of ARK just isn’t what I think everyone believes it to be...idk maybe I should do a thread on it...
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