Hedge Fund - Cinctive Capital Management

Cinctive Capital Management operates as a multi-manager investment platform with a specialization in long/short equity strategies. Founded by industry veterans Richard Schimel and Larry Sapanski, the firm is headquartered in New York City's Hudson Yards. Cinctive aims to redefine the multi-manager model, offering an evolved approach to portfolio management. Utilizing a combination of fundamental stock picking and proprietary quantitative tools, their sector teams are dedicated to rigorous risk management practices.

Richard Schimel, as Co-Founder and Co-Chief Investment Officer at Cinctive Capital Management, brings a wealth of experience to the firm. Prior to this role, he held the same positions at Diamondback Capital Management and served as Senior Managing Director and Head of Aptigon Capital at Citadel. Schimel also served as Chief Investment Officer at Sterling Ridge Capital Management, which he established in 2013. His earlier tenure at Diamondback Capital Management was marked by significant achievements, though the fund closed in 2012 following involvement in a high-profile insider trading investigation. Schimel holds a B.A. in Economics from the University of Michigan.

Cinctive Capital Management operates as a hedge fund, serving 8 clients with discretionary assets under management totaling $3,019,428,000, as disclosed in their Form ADV filed on March 2024. Their most recent 13F filing for Q4 2023 revealed managed 13F securities amounting to $1,505,809,649, with a top 10 holdings concentration of 17.76%. Notably, their largest holding is in Invesco QQQ Trust, Series 1, with 100,000 shares held.