GOP Presidential Hopeful’s Anti-ESG Firm Nets $1B

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Strive Asset Management, an anti-activism fund company co-founded by Republican presidential hopeful Vivek Ramaswamy, crossed $1 billion in assets even as it comes under legal scrutiny.

Ohio-based Strive controls assets across its 11 exchange-traded funds, just over a year since its first fund began trading, according to press release Tuesday. The asset manager launched in 2022 with backing from billionaire investors including Peter Thiel and Bill Ackman as an antithesis to investment giants such as BlackRock, which have emphasized environmental, social, and governance-focused investing.

Strive’s mission statement — encouraging companies to “focus on excellence” rather than ESG mandates, according to …

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