(Reuters) Two major institutional investors are backing Cinctive Capital, a new hedge fund being launched later this year by industry veterans Richard Schimel and Larry Sapanski, people familiar with the matter told Reuters. The Employees Retirement System of Texas, which invests roughly $28 billion, and PAAMCO Prisma, which built its reputation on investing with new hedge fund managers, have committed an undisclosed amount of cash to Cinctive. The leaders come from shuttered hedge fund Diamondback Capital.
Texas Pension Fund, PAAMCO Prisma Back New Hedge Fund
This entry was posted in Syndicated. Bookmark the permalink.
