Star stock picker Cathie Wood’s latest move is to Florida.

Her firm, ARK Investment Management LLC, said Wednesday that it will permanently close its New York headquarters at the end of the month and move to St. Petersburg, Fla., on Nov. 1. Known for its line of exchange-traded funds that invest in companies deemed disruptive and innovative in their industries, ARK said it aims to deepen ties with local entrepreneurs and technology startups by also building an innovation center.

“ARK is not a traditional Wall Street asset management firm and we are looking forward to breaking the mold further by relocating to St. Petersburg, a city investing in technology, science, and innovation,” Ms. Wood said in a statement.

Read the full story.