Larry Robbins (born 1969) is an American hedge fund manager and philanthropist. He is the chief executive of

Glenview Capital Management Glenview Capital Management is a hedge fund founded in 2000 with approximately $7.7 billion of capital under management as of March 2019. Glenview manages capital for investors through a series of private investment funds. The firm was founded by L ...

, a hedge fund with approximately $7.7 billion of capital under management as of March 2019.

Early life and education

Robbins grew up in a Jewish family in

Arlington Heights, Illinois Arlington Heights is a municipality in Cook County with a small portion in Lake County in the U.S. state of Illinois. A suburb of Chicago, it lies about northwest of the city's downtown. Per the 2020 Census, the population was 77,676. Per the ...

. He graduated with honors from the

Jerome Fisher Program in Management and Technology The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universiti ...

at the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

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 New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

. He joined

Leon Cooperman Leon G. Cooperman (born April 25, 1943) is an American billionaire investor and hedge fund manager. He is the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management ...

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

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 The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloquially known as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by Presid ...

.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
July 27, 2013 Unlike most hedge funds, Robbins is known for holding stocks for years and not employing stop-losses. Robbins is currently the firm's CEO and portfolio manager.

Personal life

Robbins has four sons, by his first wife Amy Towers, who he later divorced.New York Post: "Hedge giant weds"
May 31, 2012 In 2012, he married his second wife, Sarahmay Wesemael. He lives in Alpine, New Jersey. Robbins is the owner of the

Chicago Steel The Chicago Steel are members of the United States Hockey League, joining the league in 2000. The Steel have played their home games at Fox Valley Ice Arena in Geneva, Illinois, since 2015; previously, the team played at Edge Ice Arena in Bensenv ...

of the

USHL The United States Hockey League (USHL) is the top junior ice hockey league sanctioned by USA Hockey. The league consists of 16 active teams located in the midwestern United States, for players between the ages of 16 and 21. The USHL is strictly ...

Wealth and philanthropy

Robbins serves as chairman of the board for both the Knowledge is Power Program (KIPP) New York and

Relay Graduate School of Education Relay Graduate School of Education is a private graduate school for teachers in New York City and other cities across the nation. It was established in 2011 after being spun off from Hunter College's Teacher U program. It is the first stand-alon ...

. He is a member of the board of directors for The

Robin Hood Foundation The Robin Hood Foundation is a charitable organization which attempts to alleviate problems caused by poverty in New York City. The organization also administers a relief fund for disasters in the New York City area. In 2010, a key supporter gave ...

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. 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).

References

{{DEFAULTSORT:Robbins, Larry (hedge fund manager) 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 of the University of Pennsylvania alumni Living people