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Cathie Wood faces ‘tough nut to crack’ as Ark sets sights on Europe

ETF group is pushing into the region as once high-flying US business faces challenges

Armed with messianic conviction and social media savvy, Cathie Wood has built a lucrative career pitching disruptive companies to US retail investors.

But even the 67-year-old acknowledges that her quest to bring Ark Investment Management, the firm she set up in 2014 and that is headquartered in the Florida beachside town of St Petersburg, to Europe is a daunting one.

Europe is a “tough nut to crack,” Wood told the Financial Times. “We knew, as an American company, that Europe and the UK is the most complicated region in the world. We needed local talent and local leadership.”

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