Larry Robbins
Larry Robbins | |
|---|---|
| Born | October 22, 1969[1] Arlington Heights, Illinois, United States |
| Education | University of Pennsylvania[2] |
| Occupation | Hedge fund manager |
| Known for | Founding and managing Glenview Capital Management Owner of the Chicago Steel |
| Spouses |
|
| Children | 4 sons |
Larry Robbins (born October 22, 1969) is an American hedge fund manager and philanthropist. He is the chief executive of Glenview Capital Management, a hedge fund with approximately $7.7 billion of capital under management as of March 2019.[3]
Early life and education
[edit | edit source]Robbins grew up in a Jewish family[4] in Arlington Heights, Illinois.[5] 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.[2][6][7] Robbins played hockey throughout college and was captain of the University of Pennsylvania club team for three years.[8] Robbins became a Certified Public Accountant in 1991 in Illinois.[9]
Investment career
[edit | edit source]After graduation, Robbins worked at Gleacher & Company, a merger and advisory boutique in New York.[6][7] He joined Leon Cooperman at Omega Advisors after three years at Gleacher.[6][7] Robbins spent six years as an analyst and partner at Omega Advisors on their US equity long/short team.[7] 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.[10][5] In 2012, he made a successful bet by investing in hospital companies that he thought would benefit from Obamacare.[11] Unlike most hedge funds, Robbins is known for holding stocks for years and not employing stop-losses.[11] Robbins is currently the firm's CEO and portfolio manager.
Personal life
[edit | edit source]Robbins has four sons, by his first wife Amy Towers, who he later divorced.[12][13] In 2012, he married his second wife, Sarahmay Wesemael.[5] He lives in Alpine, New Jersey but has recently relocated to South Florida.[14] Robbins is the owner of the Chicago Steel of the USHL.[15]
Wealth and philanthropy
[edit | edit source]Robbins serves as chairman of the board for both the Knowledge is Power Program (KIPP) New York and Relay Graduate School of Education. He is a member of the board of directors for The Robin Hood Foundation and chairs the education committee.[7] He is a member of the board of directors for Teach For America (New York) and was an honoree at the 2013 Annual Benefit Dinner.[16] Through their Robbins Family Foundation, Larry and his wife Sarahmay are active supporters of education reform both in New York City and across the US.[17] In addition, Robbins is the Senior Chair of the Wall Street Division of the UJA-Federation and the recipient of the 2007 Young Leadership Award.[7][18]
In 2014, Robbins reportedly earned $570 million (including his share of his firm's management and performance fees, cash compensation and stock and option awards).[19]
References
[edit | edit source]- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ a b Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ New York Times Dealbook: "Wall Street Titans Celebrate UJA-Federation" By WILLIAM ALDEN June 12, 2013
- ^ a b c Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ a b c Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ a b c d e f Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).[dead link]
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ a b Barrons: "Bullish on Obamacare, Hedge-fund star Larry Robbins has made a big bet on hospitals and is pushing them a little harder to buy back stock or make acquisitions. Why he's taking on HMA" By Erin E. Arvedlund Archived 2014-08-27 at the Wayback Machine July 27, 2013
- ^ New York Magazine: "Who Gets to Marry a Billionaire? Hedge-fund wives and where they come from" by Tim Murphy October 24, 2007
- ^ New York Sun: "Out & About" By A.L. GORDON November 30, 2006
- ^ North Jersey.com: "Ice rink in Cresskill residence cleared for construction after lawsuit dismissed" By DEENA YELLIN January 3, 2012
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- 1969 births
- American billionaires
- American chief executives of financial services companies
- American financial analysts
- American financial company founders
- American financial traders
- American financiers
- American hedge fund managers
- American investors
- Businesspeople from Illinois
- People from Alpine, New Jersey
- Private equity and venture capital investors
- Wharton School alumni
- Living people
- Shareholder-rights activists
- Stock and commodity market managers
- Businesspeople from Bergen County, New Jersey