Michael Haddad has joined Cinctive Capital Management in the newly created role of deputy chief investment officer.
Previously, Haddad had worked at the Bureau of Asset Management within the New York City Comptroller’s office overseeing the $248 billion New York City Retirement Systems. He had been the interim CIO and deputy CIO at the retirement system, responsible for manager selection and asset allocation. Steven Meier was named CIO in July 2022.
With three decades of experience, Haddad has held roles at Soros Fund Management and Caxton Associates.
“We are excited to have Michael join our team,” said Rich Schimel, co-founder and co-chief investment officer of Cinctive. “His deep understanding of the needs of pension funds, combined with his experience running investment portfolios, is unique in the investment management industry and we are confident that he will be a great addition to our growing platform.”
Larry Sapanski, co-founder and co-chief investment officer of Cinctive, added, “Michael is well known for his approach to risk management and strategic asset allocation, which will help to complement our recently added quantitative and macro strategies. He will be a terrific resource as we continue our focus on further expanding our investment teams and strategies.”
“I am delighted to join Rich, Larry and the team at Cinctive,” said Haddad. “Our sensibilities are well aligned given the firm’s approach to risk management and I look forward to contributing to the solutions Cinctive offers clients as well as helping to execute on its growth strategy.”
The addition of Haddad follows Cinctive’s strategic decision a few months ago to add long/short systematic trading capabilities.
In February, there was the addition of Olympiad Research as a sub-adviser managed by Thong Nguyen. Mr. Nguyen has over 20 years of investment management experience.
The firm also announced that six portfolio managers and five analysts have joined the firm since the beginning of the year, bringing its total to 57 investment professionals. These appointments will help to enhance the depth of strategies managed by the firm and add to our diversification and synergies.
Some of the new portfolio managers are: Goldman Sachs alum Sean Butkus; Greg Margolis, formerly of ExodusPoint; Steve Segarra, former CIO and partner at Madison and Main Advisors; and Matthew Jaye, co-founder and co-CIO of Dune Ridge Capital.
