ARK Investment
캐시 우드가 위험하다?
Source : https://www.institutionalinvestor.com/article/b1p7fxpzylxgr5/A-Minority-Stakeholder-Wants-to-Take-Control-of-ARK-Cathie-Wood-Is-Pushing-Back#.X69hyuw-zkM.twitter
Resolute Investment Managers said it will exercise its option to take a controlling stake in the ETF company known for betting on Tesla.{alertInfo}
ARK社의 지분을 인수하려는 움직임이 있다는 뉴스입니다.
“disappointed that Resolute Investment Managers, Inc., and its private equity owner, Kelso & Company, have chosen to issue this unwelcome notice that they intend to seize control of our business.”
"Resolute Investment Managers, Inc.와 그 사모 펀드 소유주 인 Kelso & Company가 우리 사업을 장악 할 의사가 있다는 반갑지 않은 통지를 했다는 사실에 실망했습니다."
테슬라의 상장폐지를 막고, 투자를해서 ARK Investment를 단 6년 만에 약 180억 달러 이상으로 성장시킨 캐시 우드(Cathie Wood) 위 사태에 유감을 표했습니다.
Resolute Investment
어떤회사인가?
Resolute Investment 는 ARK ETF의 유통사 입니다.
ARK가 초기 자본이 적을때 투자한 회사로 당시 ARK의 시총 두배가량을 투자 했다고 알려져 있습니다.
Resolute Investment
옵션 내용.
ARK社 ETF의 신탁에 대한 안내서 입니다.
거의 모든 ARK社의 ETF가 대상입니다.
Source : https://www.sec.gov/Archives/edgar/data/1579982/000110465920123650/tm2035586-1_497.htm
ARK ETF TRUST
ARK Innovation ETF (ARKK)
ARK Genomic Revolution ETF (ARKG)
ARK Autonomous Technology & Robotics ETF (ARKQ)
ARK Next Generation Internet ETF (ARKW)
The 3D Printing ETF (PRNT)
ARK Israel Innovative Technology ETF (IZRL)
ARK Fintech Innovation ETF (ARKF)
Supplement dated November 10, 2020 to the Prospectus for the ARK ETF Trust dated November 30, 2019, as supplemented.
This Supplement updates certain information contained in the Prospectus with respect to each of the following series of the ARK ETF Trust: ARK Innovation ETF, ARK Genomic Revolution ETF, ARK Autonomous Technology & Robotics ETF, ARK Next Generation Internet ETF, The 3D Printing ETF, ARK Israel Innovative Technology ETF and ARK Fintech Innovation ETF (collectively, “Funds”). You may obtain copies of each Fund’s Summary Prospectus, Prospectus and Statement of Additional Information free of charge, upon request, by calling toll-free 855-406-1506, sending an email request to info@ark-invest.com, or by writing to ARK Investment Management, LLC, 3 East 28th Street, Seventh Floor, New York, New York 10016.
Effective immediately, the Prospectus is revised as follows:
On page 70, the first paragraph of the section “Management of the Funds” is deleted and replaced with the following:
Investment Adviser. ARK Investment Management LLC, located at 3 East 28th, Seventh Floor, New York, NY 10016, serves as the Funds’ investment adviser. The Adviser registered with the SEC in January 2014. Under the terms of an investment advisory agreement between the Trust and the Adviser with respect to each Fund (“Advisory Agreement”), the Adviser serves as the adviser to each Fund, subject to the general supervision of the Board, and is responsible for the day-to-day investment management of each Fund. Pursuant to the terms of an agreement between the Adviser and Resolute Investment Managers, Inc. (“Resolute"), Resolute acquired a minority investment in the Adviser in July 2016 as well as an option to purchase a controlling voting and equity interest in the Adviser (such option exercise and purchase is referred to as the “transaction”) that is exercisable in early 2021. On October 29, 2020, Resolute notified the Adviser that it intends to exercise that option and delivered documentation with respect to the transaction. If the option is exercised in its current form, the closing of the transaction would result in an “assignment” of the Advisory Agreement for purposes of the 1940 Act and, therefore, its automatic and immediate termination. As a result, in connection with any exercise of the option resulting in a change of control of the Adviser, the Adviser anticipates submitting a new investment advisory agreement to the Board and the shareholders of each Fund for approval in accordance with the procedural and other requirements of the 1940 Act, and that new agreement would become effective upon the closing of the transaction. There is no guarantee that the option will be exercised in its current form (or at all), that any change in control of the Adviser will occur or that the Board or the shareholders of any Fund would approve a new investment advisory agreement.
(“Resolute"), Resolute acquired a minority investment in the Adviser in July 2016 as well as an option to purchase a controlling voting and equity interest in the Adviser (such option exercise and purchase is referred to as the “transaction”) that is exercisable in early 2021. On October 29, 2020, Resolute notified the Adviser that it intends to exercise that option and delivered documentation with respect to the transaction.
"Resolute는 Adviser의 지배적 의결권 및 지분을 구매할 수 있는 옵션을 인수했습니다. 2021년 초에 행사 가능하며, 2020년 10월 29일 Resolute는 해당 옵션을 행사할 의사가 있음을 통보하고 거래와 관련된 문서를 전달했습니다."{alertInfo}
신탁에 대한 안내서에 보면 지배적 의결권 및 지분을 구매할 수 있는 옵션을 인수 20년 10월 29일 해당 옵션을 행사할 의사가 있음을 통보 했다고 합니다.
ARK Investment
캐서린 우드가 이직하면 안되는 이유
ARKK, ARKQ, ARKW, ARKG, ARKF 모두 포트폴리오 매니저가 캐서린 D 우드로 되어 있습니다.
액티브 ETF는 포트폴리오 매니저의 역량에 크게 영향을 받는 ETF이기 때문에 캐서린 우드가 ARK에 없다면 ETF들의 기존과 같은 운영을 기대할 수 없을지도 모릅니다.
END
마치며
요즘 많은 인기를 가지고 있는 ARK社의 악재라고 할 수 있는 뉴스가 나왔습니다. 특히 ARK ETF 대부분 펀드매니저가 캐서린 우드로 되어 있습니다.
ARK社의 지분 구조의 변경보다는 캐서린 우드가 어떤 모습을 취할지가 더 많은 관심을 받고 있는 것 같습니다.
액티브 ETF 이다 보니 펀드매니저의 역량에 따라 ETF의 관리나 수익률등이 변하기 때문입니다. 만약 캐서린 우드가 ARK를 떠난다면 많은 투자자들도 캐서린 우드를 따라 떠날 수 도 있을 것 같습니다.
본 내용은 개인적인 생각, 단순 데이터, 뉴스 비교로 투자에 어떠한 강요나 요구하는 글이 아니며, 투자에 따른 책임은 투자자 자신에게 있습니다. 항상 소신 것 좋은 투자를 하셔서 좋은 결과가 있기를 기원 하겠습니다.{alertWarning}