ARK Hits Out at Destiny in Race to Open Private Assets to Masses

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(Bloomberg) -- A new Wall Street clash has broken out between Cathie Wood’s ARK Investment Management and the firm behind a young fund targeting private...

-- A new Wall Street clash has broken out between Cathie Wood’s ARK Investment Management and the firm behind a young fund targeting private assets that has taken the investing world by storm.

The difference in performance is at the heart of the debate, which stems from the products’ differing structures. “An ‘interval fund’ is an example of yet another complex financial product, one we deliberately sought to avoid because we felt it was neither accessible nor liquid,” Prasad wrote. “Investors in such products risk waiting years to access their capital.”

Judge Juan Merchan issued a stern warning to Donald Trump for his reaction to a potential juror in the courtroom. Former Trump Payroll Corp. attorney William Brennan reacts.Shares of Taiwan Semiconductor Manufacturing Company are trading lower in Thursday's pre-market session, despite the company forecasting a nearly 30% surge in second-quarter sales.

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