Rich Schimel, co-founder and co-CIO of Cinctive Capital Management, discusses his career, the evolution of multi-manager platforms, and current market themes. Schimel reflects on his early career in bond trading and transition to equities, emphasizing the importance of risk management and macro understanding. He details the rationale behind founding Diamondback Capital and later Cinctive, highlighting the desire for a collaborative culture and a focus on mid- to large-cap investments. Schimel also addresses the challenges of managing talent, assessing alpha, and navigating market crises, such as the Middle East conflict, by adjusting leverage and managing gross exposure. He shares his views on AI, power, healthcare, and financials as interesting sectors and offers advice to young people entering the finance industry.
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