NEW YORK, July 3 (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.