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 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 logged a $2 billion loss from selling stocks during 2022's market rout. 

Famed money manager Cathie Wood bemoaned the Federal Reserve's aggressive interest-rate hikes over the past year, saying they hit Ark Invest's strategy "like an earthquake."