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NYC pension exec appointed deputy CIO at Cinctive

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Michael Haddad, the former deputy CIO and interim CIO of the New York City Comptroller’s Bureau of Asset Management, has been appointed as deputy chief investment officer at Cinctive, a New York-based hedge fund with over $1 billion in assets, according to a report by Reuters.

While Cinctive has traditionally focused on long-short equity strategies, the firm hired a team to add macro strategies to its offering last year, and according to co-CIO Larry Spanski, Haddad’s appointment will help the firm as it expands beyond stock trading into macro and quantitative strategies.

Prior to joining the NYC’s Bureau of Asset Management, which oversees a $248 billion portfolio of the New York City Retirement Systems, Haddad has worked for investment firms including Soros Fund Management and Caxton Associates.

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