Business
Lex Greensill and Cathie Wood: shooting stars of the financial galaxy? – The Australian Financial Review
Few captured the zeitgeist of disruption in the financial world as well as Cathie Wood and Lex Greensill. But the past fortnight has caused a sharp re-evaluation….
But ARKs flagship fund, the ARK Innovation ETF, tumbled 10.2 per cent last week as rising US bond yields prompted investors to question whether the hottest technology stocks are trading at excessively high values.
Meanwhile, Greensills financial empire, once one of the worlds biggest providers of supply chain finance, plunged into crisis last week when Credit Suisse froze $US10 billion ($13 billion) in investment funds that Greensill relies upon to finance its deals.
The Swiss bank said on Friday…
Continue Reading
