| Larry Robbins | |
| Birth Date: | [1] |
| Nationality: | American |
| Education: | University of Pennsylvania[2] |
| Occupation: | Hedge fund manager |
| Known For: | Founding and managing Glenview Capital Management Owner of the Chicago Steel |
| Spouse: | Amy Towers (divorced) Sarahmay Robbins |
| Children: | 4 sons |
Larry Robbins (born 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.[3]
Robbins grew up in a Jewish family[4] in Arlington Heights, Illinois.[5] He graduated with honors from the Jerome Fisher Program in Management and Technology at the University 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 in New York.[6] [7] He joined Leon 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 start Glenview 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 from Obamacare.[10] 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.
Robbins has four sons, by his first wife Amy Towers, who he later divorced.[11] [12] In 2012, he married his second wife, Sarahmay Wesemael.[5] He lives in Alpine, New Jersey but has recently relocated to South Florida.[13] Robbins is the owner of the Chicago Steel of the USHL.[14]
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 (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 the UJA-Federation and the recipient of the 2007 Young Leadership Award.[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]