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Cinctive Capital Management debuts with backing from PAAMCO Launchpad

(Opalesque) The founders of Diamondback Capital Management have launched a new fund – Cinctive Capital. The long/short equity multi-manager fund is starting out with over $1 billion in commitments from institutions including the Employees Retirement System of Texas and PAAMCO through their joint hedge fund seeding platform PAAMCO Launchpad.

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