Larry Robbins (born 1969) is an American investor, hedge fund manager, and philanthropist. He is the chief executive of Glenview Capital Management, a hedge fund with approximately $9.2 billion of assets under management as of July 2014.
Early life and education
Robbins grew up in a Jewish family in Arlington Heights, Illinois. He graduated with honors from the Jerome Fisher Program in Management and Technology at the University of Pennsylvania in 1992, where he received a B.S. in economics with concentrations in accounting, finance, marketing and a B.S in engineering, with a major in systems engineering. Robbins played hockey throughout college and was captain of the University of Pennsylvania club team for three years. Robbins became a Certified Public Accountant in 1991 in Illinois.
Investment career
After graduation, Robbins worked at Gleacher & Company, a merger and advisory boutique in New York. He joined Leon Cooperman at Omega Advisors after three years at Gleacher. Robbins spent six years as an analyst and partner at Omega Advisors on their US equity long/short team. Robbins left Omega to start Glenview Capital Management in 2000, named after the suburban Chicago hockey area where he started playing hockey at age five. In 2012, he made a successful bet by investing in hospital companies that he thought would benefit from Obamacare. Unlike most hedge funds, Robbins is known for holding stocks for years and not employing stop-losses. From inception until June 2013, the fund averaged 15% returns of net of fees. Robbins is currently the firm’s CEO and portfolio manager.
Summary
| Larry Robbins | |
|---|---|
| Born | 1969 (age 47–48) |
| Residence | Alpine, New Jersey, U.S. |
| Nationality | United States |
| Education | B.S. University of Pennsylvania |
| Occupation | Investor, hedge fund manager, and philanthropist |
| Known for | Founding and managing Glenview Capital Management Owner of the Chicago Steel |
| Net worth | US$2.3 billion (December 2015) |
| Spouse(s) | Amy Robbins (divorced) Sarahmay Wesemael |
| Children | 4 |