Glenn Dubin
Glenn Russell Dubin | |
|---|---|
| Born | April 13, 1957 Washington Heights, Manhattan, New York City, U.S. |
| Occupation(s) | Hedge fund executive, investor, philanthropist |
| Known for | Co-founder of Highbridge Capital Management; founder of Engineers Gate; founding board member of the Robin Hood Foundation |
| Spouse | Eva Andersson (m. 1994) |
| Children | 3 |
Glenn Russell Dubin (born April 13, 1957) is an American billionaire hedge fund executive and Principal at Dubin & Co. LP, a private investment firm. He is a co-founder of Highbridge Capital Management, the founder of Engineers Gate, and a founding board member of the Robin Hood Foundation.
Early life
Glenn Russell Dubin was raised in a Jewish middle-class household in the Washington Heights neighborhood of upper Manhattan, New York City. He is the eldest child of Harvey and Edith Dubin. His father, Harvey (1926–2011), who was born in the United States, initially worked as a taxi driver before transitioning to dress manufacturing. His mother, Edith (1928–2019), emigrated from Austria and held a position as a hospital administrator.
Dubin attended public schools at P.S. 132 in Washington Heights and earned an economics degree from Stony Brook University in 1978. During his time there, he participated on both the football team and lacrosse club. In May 2012, Dubin returned to Stony Brook University to deliver the commencement address and was awarded an honorary Doctor of Letters for his achievements in finance and philanthropy.
Career
Dubin launched his career in finance as a retail stockbroker at E. F. Hutton & Co. in 1978, where he formed a connection with Paul Tudor Jones.
In 1984, together with childhood friend Henry Swieca, Dubin established Dubin & Swieca Capital Management, one of the early fund of funds enterprises that built multi-manager hedge fund portfolios utilizing modern portfolio theory principles. The firm rebranded as Corbin Capital Partners in 2005 after Dubin and Swieca reduced their involvement in daily operations; the new name reflected an intersection in Washington Heights where they first met.
In 1992, Dubin and Swieca launched Highbridge Capital Management with an initial capital investment of $35 million, naming it after a nearby aqueduct landmark. By late 2004, J.P. Morgan Asset Management purchased a majority interest for $1.3 billion. Between 2004 and 2007, Highbridge expanded its assets under management to exceed $35 billion. In 2006, Highbridge entered into a joint venture with Louis Dreyfus Group to strengthen its presence in energy markets.
J.P. Morgan acquired the remaining shares of Highbridge in July 2009, with Dubin continuing as CEO.
In October 2012, Dubin collaborated with Paul Tudor Jones and Timothy Barakett to lead investors in acquiring Louis Dreyfus Highbridge Energy ("LDH Energy"), which was subsequently renamed Castleton Commodities International (CCI).
Dubin founded Engineers Gate Manager LP, a quantitative trading firm, in 2013; by 2017, it operated alongside his family office located at Hudson Yards.
In 2015, CCI expanded by acquiring Morgan Stanley’s Global Oil Merchanting division, positioning itself as one of the largest independent energy merchants worldwide. Dubin holds the role of non-executive chairman and remains the principal shareholder and board member.
After forty years in hedge fund management, Dubin retired in January 2020 to concentrate on private investments and philanthropic endeavors through his family office, Dubin & Co.
Philanthropy
In 1987, Dubin partnered with fellow hedge fund managers Paul Tudor Jones and Peter Borish to establish the Robin Hood Foundation, a venture philanthropy organization that has raised and distributed over $3 billion to fight poverty across New York City. Since its founding, Dubin has served on its board—including terms as board chair—and contributes actively to the Jobs and Economic Security subcommittee.
In 2010, Dubin created the Dubin Fellowship for Emerging Leaders at Harvard Kennedy School’s Center for Public Leadership with a $5 million endowment supporting tuition for up to ten students annually. He also sits on the Dean’s executive committee at the Kennedy School.
The Dubin family donated $4.3 million in 2010 to establish the Dubin Family Athletic Performance Center at Stony Brook University, followed by an additional $5 million gift in 2015 toward constructing the university’s Indoor Training Facility, which opened its doors in 2020.
Dubin serves as a trustee of Mt. Sinai Medical Center in New York City. Alongside his wife Eva, he funded the creation of the Dubin Breast Center at the Tisch Cancer Institute in 2010, which offers comprehensive breast care under the leadership of Dr. Elisa Port.
On April 19, 2012, Glenn and Eva Dubin joined The Giving Pledge, committing to donate at least half their wealth to charitable causes during their lifetimes.
In 2024, Glenn Dubin and Eva Andersson-Dubin contributed $10 million to The New York Climate Exchange to support environmental philanthropic efforts.
Political contributions
Dubin has predominantly supported Democratic initiatives, donating $75,000 in 2019 to various congressional campaigns, including those of Abigail Spanberger, Gil Cisneros, Max Rose, Dan McCready, and Elaine Luria. Additionally, he contributed $1,000 each to the presidential bids of Steve Bullock and Michael Bennet, while Pete Buttigieg received a donation of $2,800.
In a notable change in 2023, Dubin made a $100,000 contribution to a Super PAC backing Republican presidential hopeful Vivek Ramaswamy.
Personal background
In 1994, Dubin wed physician Eva Andersson; together they have three children. The family resides in Manhattan and holds real estate in Gunnison County, Colorado, as well as in Sweden.
Dubin’s association with Jeffrey Epstein
Dubin’s hedge fund obtained millions in funding from Jeffrey Epstein, who also played a role in assisting JPMorgan with the acquisition of Dubin’s firm. Epstein had a romantic relationship with Eva Andersson during the 1980s, and the Dubins continued their friendship with him even after his 2006 arrest on sex trafficking charges. In a 2015 civil lawsuit filed by Virginia Giuffre against Ghislaine Maxwell, Giuffre testified that Maxwell instructed her to perform sexual acts with Dubin.