Larry Robbins

Larry Robbins
Born	(1969-10-22) October 22, 1969 Arlington Heights, Illinois, U.S.
Occupation(s)	Hedge fund manager, philanthropist
Known for	CEO of Glenview Capital Management

Larry Robbins (born October 22, 1969) is an American hedge fund manager and philanthropist. He leads Glenview Capital Management as its CEO, overseeing a hedge fund that managed around $7.7 billion in assets as of March 2019.

Early life and education

Raised in a Jewish household in Arlington Heights, Illinois, Robbins completed his studies at the University of Pennsylvania in 1992 with high honors. He earned dual Bachelor of Science degrees through the Jerome Fisher Program in Management and Technology: one in economics with concentrations in accounting, finance, and marketing, and another in engineering with a focus on systems engineering. During his university years, he captained the club hockey team for three seasons. Additionally, Robbins obtained his Certified Public Accountant license in Illinois in 1991.

Investment career

Following graduation, Robbins began his professional journey at Gleacher & Company, a New York-based advisory firm specializing in mergers. He subsequently joined Omega Advisors under Leon Cooperman, where he spent six years as both analyst and partner on the US equity long/short team. In 2000, he established Glenview Capital Management, naming it after Glenview, Illinois—the Chicago suburb where he first played hockey. In 2012, he strategically invested in hospital companies positioned to gain from healthcare reform initiatives like Obamacare. Distinguished from many hedge fund managers, Robbins is noted for his long-term stock holdings and his practice of not using stop-loss orders. He continues to serve as CEO and portfolio manager at Glenview.

Personal life

Robbins has four sons from his first marriage to Amy Towers; the couple later divorced. In 2012, he married Sarahmay Wesemael. Currently residing in South Florida after previously living in Alpine, New Jersey, Robbins also owns the Chicago Steel hockey team competing in the USHL.

Wealth and philanthropy

He holds chair positions on the boards of KIPP New York and Relay Graduate School of Education. Robbins is also a board member of the Robin Hood Foundation—where he leads the education committee—and Teach For America (New York). Through the Robbins Family Foundation, he and his wife actively contribute to education reform efforts across the country. Furthermore, Robbins serves as Senior Chair of the Wall Street Division of UJA-Federation and was honored with its Young Leadership Award in 2007.

In 2014, his total earnings from management fees, performance-based compensation, and stock awards reportedly reached $570 million.