Advertisement
UK markets close in 1 hour 6 minutes
  • FTSE 100

    8,170.73
    +49.53 (+0.61%)
     
  • FTSE 250

    20,383.26
    +188.79 (+0.93%)
     
  • AIM

    768.82
    +4.45 (+0.58%)
     
  • GBP/EUR

    1.1812
    +0.0012 (+0.10%)
     
  • GBP/USD

    1.2768
    +0.0083 (+0.65%)
     
  • Bitcoin GBP

    47,376.84
    -1,409.65 (-2.89%)
     
  • CMC Crypto 200

    1,299.96
    -34.96 (-2.62%)
     
  • S&P 500

    5,515.93
    +6.92 (+0.13%)
     
  • DOW

    39,338.74
    +6.89 (+0.02%)
     
  • CRUDE OIL

    83.05
    +0.24 (+0.29%)
     
  • GOLD FUTURES

    2,371.70
    +38.30 (+1.64%)
     
  • NIKKEI 225

    40,580.76
    +506.07 (+1.26%)
     
  • HANG SENG

    17,978.57
    +209.43 (+1.18%)
     
  • DAX

    18,345.69
    +181.63 (+1.00%)
     
  • CAC 40

    7,629.94
    +91.65 (+1.22%)
     

Hedge fund Cinctive up 11% in first half of the year - source

By Carolina Mandl

NEW YORK (Reuters) - U.S.-based hedge fund Cictive Capital Management ended the first half of the year up 11%, mainly helped by its performance in equities, a source familiar with the matter said.

Cinctive, a multi-strategy hedge fund with roughly $3 billion in assets under management, had gains with bets related to artificial intelligence in sectors such as energy, technology and utility stocks, the source added. Financials, healthcare and biotech were also successful bets in the first half of the year.

Cinctive's performance beat other big multi-strategy hedge funds, such as Citadel and Millennium.

(Reporting by Carolina Mandl, in New York)