Cathie Wood says the Fed's rate hikes hit Ark's strategy like an 'earthquake' as the fund logs a $2 billion loss

Cathie Wood says the Fed's rate hikes hit Ark's strategy like an 'earthquake' as the fund logs a $2 billion loss

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Cathie Wood. Photo by Marco Bello/Getty Images Cathie Wood said the Federal Reserve's interest-rate hikes hit Ark Invest's strategy "like an earthquake." "The valuation hit ... has been so severe to our strategy," Wood said in a CNBC interview. The famed money manager said her flagship fund ARKK…

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