Larry Robbins | |
|---|---|
| Born | 1969 (age 55–56)[1] |
| Nationality | American |
| Education | University of Pennsylvania[2] |
| Occupation | Hedge fund manager |
| Known for | Founding and managingGlenview Capital Management Owner of theChicago Steel |
| Spouse(s) | Amy Towers (divorced) Sarahmay Robbins |
| Children | 4 sons |
Larry Robbins (born 1969) is an Americanhedge fund manager and philanthropist. He is the chief executive ofGlenview Capital Management, a hedge fund with approximately $7.7 billion of capital under management as of March 2019.[3]
Robbins grew up in a Jewish family[4] inArlington Heights, Illinois.[5] He graduated with honors from theJerome Fisher Program in Management and Technology at theUniversity 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.[1]
After graduation, Robbins worked at Gleacher & Company, a merger and advisory boutique inNew York.[6][7] He joinedLeon 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 startGlenview Capital Management in 2000, named after the suburban Chicago hockey area where he started playing hockey at age five.[9][5] In 2012, he made a successful bet by investing in hospital companies that he thought would benefit fromObamacare.[10] Unlike most hedge funds, Robbins is known for holding stocks for years and not employingstop-losses.[10] Robbins is currently the firm's CEO and portfolio manager.
Robbins has four sons, by his first wifeAmy Towers, who he later divorced.[11][12] In 2012, he married his second wife, Sarahmay Wesemael.[5] He lives inAlpine, New Jersey but has recently relocated to South Florida.[13] Robbins is the owner of theChicago Steel of theUSHL.[14]
Robbins serves as chairman of the board for both the Knowledge is Power Program (KIPP) New York andRelay Graduate School of Education. He is a member of the board of directors for TheRobin Hood Foundation and chairs the education committee.[7] He is a member of the board of directors forTeach For America (New York) and was an honoree at the 2013 Annual Benefit Dinner.[15] 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.[16] In addition, Robbins is the Senior Chair of the Wall Street Division of theUJA-Federation and the recipient of the 2007 Young Leadership Award.[7][17]
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).[18]