Ark Investment Management's Cathie Wood. — Bloomberg
NEW YORK: Cathie Wood’s funds have reopened positions in Alibaba Group Holding Ltd for the first time in four years, just as the stock rallied to a multi-year high on optimism over the Chinese firm’s push in artificial intelligence (AI).
A daily trading report from Wood’s Ark Investment Management showed that two of the firm’s exchange-traded funds (ETFs) snapped up American Depositary Receipts (ADRs) of Alibaba on Monday.
