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.

Early life and education

Robbins grew up in a Jewish family in

Arlington Heights, Illinois Arlington Heights is a village in Cook County, Illinois, Cook County Illinois, United States. A northwestern Chicago metropolitan area, suburb of Chicago, it lies about northwest of the city's downtown. As of the 2020 United States census, 2020 ...

. He graduated with honors from the Jerome Fisher Program in Management and Technology at the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

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 (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

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

.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. In 2012, he married his second wife, Sarahmay Wesemael. He lives in

Alpine, New Jersey Alpine is a Borough (New Jersey), borough in Bergen County, New Jersey, Bergen County, in the U.S. state of New Jersey, approximately north of Midtown Manhattan. It is the List of extreme points of U.S. states, easternmost town in New Jersey. ...

but has recently relocated to South Florida. Robbins is the owner of the

Chicago Steel The Chicago Steel are an ice hockey team that plays in the United States Hockey League since 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 ...

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 and Great Plains, for players between the ages of 16 and 21. Th ...

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. 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 Teach For America (TFA) is an American nonprofit organization whose stated mission is to "enlist, develop, and mobilize as many as possible of our nation's most promising future leaders to grow and strengthen the movement for educational excell ...

(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 alumni Living people Shareholder-rights activists Stock and commodity market managers Businesspeople from Bergen County, New Jersey