Anti-ESG Fund Challenging BlackRock Takes Off Like Wildfire

A company called Strive, an Ohio-based asset management firm formed with the backing of two billionaires--Bill Ackman and Peter Thiel--is on a mission to educate and influence companies away from ESG obsession. In July, we told you about Strive and that the company, a counterweight to woke lefty funds like BlackRock, had already raised $20 million (see Conservatives Launch Funds to Counter Activist Climate Investing). We have fantastic news. Strive's first exchange-traded fund, DRLL, has raised more than $100 million in assets under management and had $160 million in traded volume in its first week of trading.

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