Glenn Russell Dubin (born April 13, 1957) is the Principal of Dubin & Co. LP, a private investment company managing a diversified portfolio of operating businesses and other investments across a broad range of industries and asset classes. He is also the Co-Founder of Highbridge Capital Management, an alternative asset management company based in New York City, and a founding board member of the Robin Hood Foundation.
Early life
Glenn Russell Dubin was born in 1957 in the Washington Heights section of upper Manhattan. He is the oldest son of Harvey and Edith Dubin. His father was a taxi driver who later worked in dress manufacturing. His mother was an Austrian Jewish immigrant who worked as a hospital administrator.
Dubin attended public school at Washington Heights’ P.S. 132 and went on to Stony Brook University, where he graduated in 1978 with a degree in economics. He was also a member of the school’s football team and lacrosse club.
Career
Dubin began his career in finance as a retail stock broker at E. F. Hutton & Co. in 1978. He was joined in 1984 by childhood friend Henry Swieca, and the pair started Dubin & Swieca, an early “fund of funds” business that constructed multi-manager hedge fund portfolios guided by the principles of modern portfolio theory. In 1992 they started Highbridge Capital Management with $35 million in capital, naming the firm after the 19th Century aqueduct that connects Washington Heights with the Bronx.
Highbridge Capital Management is an institutional alternative asset management company which, together with its affiliates, manages approximately $30 billion in capital. The firm is based in New York with offices in London and Hong Kong.
In late 2004, J.P. Morgan Asset Management—a division of JPMorgan Chase—purchased a majority interest in Highbridge. In July 2009, J.P. Morgan Asset Management completed its purchase of substantially all remaining shares of the firm—a transaction that was reputedly worth more than $1.3 billion. A handful of hedge fund founders have successfully transitioned ownership of their business to employees, while others have opted to sell the management company or part of it to a larger financial institution. This strategy has produced mixed results. JP Morgan’s acquisition of Highbridge Capital Management, with co-founder Glenn Dubin remaining at the helm as CEO, is generally seen an example of a model succession.
Following the Highbridge/J.P. Morgan partnership, Highbridge announced in October 2010 the purchase of a majority interest in Gávea Investimentos, a leading alternative asset management company in Brazil. Gávea was co-founded in 2003 by Chairman and Chief Investment Officer Arminio Fraga, former President of the Central Bank of Brazil.
In October 2012, it was announced that Glenn Dubin, Paul Tudor Jones and a group of commodity market luminaries were to buy the merchant energy operation Louis Dreyfus Highbridge Energy (“LDH Energy”). Founded in 2006 as a joint venture between the Louis Dreyfus Group and Highbridge Capital Management, the new company is called Castleton Commodities International, LLC where Dubin is Chairman and lead shareholder.
| Glenn Dubin | |
|---|---|
| Born | April 13, 1957 Washington Heights, Manhattan, New York, US |
| Nationality | American |
| Alma mater | Stony Brook University (B.A.) |
| Occupation | Investor |
| Net worth | US$2.0 billion (September 2015) |
| Spouse(s) | Eva Andersson |
| Children | 3 |
| Parent(s) | Harvey Dubin Edith Dubin |
Glenn Dubin Net Worth: Glenn Dubin is an American businessman who has a net worth of $1.93 billion. The lion’s share of his wealth is derived from managing hedge funds and serving as the co-founder, chairman and CEO of Highbridge Capital Management. Born on April 13, 1957 in Washington Heights, Manhattan, New York, he is the son Russian Jewish father and Austrian Jewish mother. He attended Stony Brook University where he took a Bachelor’s degree in economics. Upon his graduation in 1978, he started to work at the stock brokerage firm E. F. Hutton & Co. It was in 1984 that Dublin and his childhood friend Henry Swieca started their mutual project called Dubin & Swieca, an early “fund of funds” business. Off to a good start, they went on to found Highbridge Capital Management with a startup capital of $35 million. Nowadays, the company and its affiliates handle more than $27 billion in capital. This NewYork-based firm that also holds offices in Tokyo, Hong Kong and London employs around 360 employees, 100 of which are investment professionals. Aside from his professional life, he has three children with his eminent wife, Dr. Eva Andersson, M.D.
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