Michael Haddad, former deputy chief investment officer for the New York City Retirement Systems, has joined hedge fund manager Cinctive Capital Management in the new position of deputy CIO, according to a Tuesday news release.
Until leaving the $248.2 billion system in July, Mr. Haddad was interim chief investment officer and was the deputy CIO throughout his six-year tenure. This is his first position since leaving the New York City Comptroller's Bureau of Asset Management, which oversees the system's investment portfolio, a spokesman said in an email.
"His (Mr. Haddad's) 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," said Rich Schimel, co-founder and co-CIO of Cinctive in the news release.
As part of its expansion, Cinctive has added six portfolio managers and five analysts since January.
