Cathie Wood's Ark Invest launched a new venture capital fund, targeting individual investors with a minimum investment of just $500.
The actively managed ARK Venture Fund invests in 70% private companies and 30% public firms focused on technologically enabled innovation, and selectively in other venture capital funds, the company said Tuesday. The fund is available to individual investors initially through investing app Titan, a startup backed by Andreessen Horowitz.Tuesday."Ark is moving from social media and social marketing into social distribution, direct to consumer. Pretty exciting.
The ARK Venture Fund charges a flat management fee of 2.75%, and does not charge any carried interest or load fees. The total expense ratio of the fund is estimated to be 4.22%, Ark said.Download NBC 5 Dallas-Fort Worth
Too Biden Biden screwed the market for all investors.