How Wall Street star Cathie Wood is defying her doubters

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Reuters

By David Randall NEW YORK (Reuters) – Do you believe in Cathie Wood? Wall Street’s star stock picker has seen her fortunes wane over the past year as her flagship tech innovation fund slid more than 50%, losing $13 billion in market value. Yet investors have continued to buy into her futuristic vision, according to data from industry tracker Lipper: not only holding tight but plowing more than $2 billion in additional net inflows into the fund at her firm ARK, a name inspired by the Ark of the Covenant, a Biblical vessel of divine revelation. “People like to bet on somebody and look someone in…

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