Larry Robbins (born 1969) is the American founder, portfolio manager, and CEO of Glenview Capital Management, a hedge fund with approximately $9.2 billion of capital under management as of July 2014.
Early life and education:
Robbins grew up in Arlington Heights, Illinois. He graduated with honors from the Wharton School of Business and Moore School of Engineering of 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.
After graduating from the University of Pennsylvania, 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, which he named after the suburban Chicago hockey area where he started playing hockey at age five. Robbins is currently the firm's CEO and portfolio manager. The fund has averaged 15% returns of net of fees since inception.
Robbins led Glenview investing style is most commonly tied to the category of Growth at a Reasonable Price or "GARP" and focuses on companies in industries that are stable, predictable and steady, with recurring revenue streams or entrenched market positions. Glenview's flagship funds which launched in 2001 employ a long/short strategy focused on investments in equity and fixed income securities.
Awards and recognition:
Robbins has led Glenview to receive numerous awards since 2005, and in January 2014, the firm held "Bloomberg Markets" ranking of the best-performing large hedge funds. Robbins was listed in the Top 10 Super Investors to follow in 'The Manual of Ideas.' He serves as senior chair of the United Jewish Appeal Federation's Wall Street & Financial Services Division.
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. 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. 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. 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.
Robbins has four sons, by his first wife Amy, who he later divorced. In 2012, he married his second wife, Sarahmay Wesemael. He lives in Alpine, New Jersey.
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