Cinctive | Richard Schimel | Lawrence Sapanski

People

Lawrence Sapanski
Co-Founder and Co-CIO

Larry Sapanski is the Co-Founder and Co-CIO of Cinctive Capital Management and has over 30 years of investment management experience. Prior to co-founding Cinctive, Larry founded and served as the CIO of Scoria Capital from 2013 to 2017, where he oversaw trading, managed the firm's risk exposures and served as a portfolio manager for a best ideas portfolio. Earlier in his career, Larry co-founded Diamondback Capital, where he managed a major portion of the assets in financials and energy, as well as strategies for bonds and macro. Larry has held various trading positions at SAC Capital, London Bishopgates International, Lehman Brothers, Deutsche Bank and Morgan Stanley. Larry graduated from St. Johns University with a B.S. in Accounting.

Richard Schimel
Co-Founder and Co-CIO

Richard Schimel is the Co-Founder and Co-CIO of Cinctive Capital Management. Rich has over 30 years of experience in the investment management industry. Previously Rich was Head of Aptigon Capital, a division of Citadel, where he served on the firm’s Portfolio Committee. Rich founded Sterling Ridge Capital in 2013 and oversaw all firm activity, including management of the investment portfolio. Rich co-founded Diamondback Capital with Larry Sapanski in 2005. He co-managed the firm as well as portions of the firm’s best ideas portfolio. Prior to Diamondback, Rich began his buy-side career at SAC Capital where he was a portfolio manager from 2000 to 2005. Rich started his career in fixed income at PaineWebber in 1990. Rich graduated from the University of Michigan with a B.A. in Economics. Rich serves as President of “A Little Hope,” a nonprofit focused on childhood grief counseling and bereavement support.