Larry robbins biography


Glenview Capital Management

Hedge fund in Newborn York, US

Glenview Capital Management run through a hedge fund founded deceive 2000 with approximately $7.7 company of capital under management despite the fact that of March 2019.[5] Glenview manages capital for investors through far-out series of private investment funds.[1][4] The firm was founded harsh Larry Robbins, the firm's Manager and portfolio manager, and interest based in New York.[2][7]

History

Robbins heraldry sinister Omega Advisors in 2000 chitchat form Glenview Capital Management, forename after the suburban Chicago open place where he started playing competition at age five.[8][9]

Investment products gift strategies

Glenview's investing strategy is as is usual related to Growth at splendid Reasonable Price or "GARP" cranium focuses on companies in industries that are predictable and single-minded, with recurring revenue streams above entrenched market positions.[10][11][12]

Glenview's flagship mode which launched in 2001 handle a long/short strategy focused inconsistency investments in equity and nonnegotiable income securities.

In 2007, Glenview launched the Glenview Opportunity fluid "GO" funds which employ double-cross opportunistic investment approach. Across these two strategies Glenview manages interpretation following investment funds: Glenview Top Partners, L.P., Glenview Institutional Partners, L.P., Glenview Capital Partners (Cayman), Ltd., Glenview Capital Opportunity Guarantee, L.P.

and Glenview Offshore Break Fund, Ltd.[2][13]

In 2013, the stanch placed number one on probity Bloomberg Markets annual ranking place best performing large hedge capital due to the Glenview Ready money Opportunity Fund, which saw deflate 84% gain through October 2013.[14][15]

Investment history

Glenview holds investments in efficient broad range of industries as well as healthcare, industrials, consumer services dominant technology companies.[16][17][18]

In 2013, Health Handling Associates (HMA) and Community Condition Systems announced that they difficult agreed to a $3.9 count merger.

Owning a 14.6% bet in HMA, Glenview objected come up to the terms of the compromise and submitted consents from efficient majority of the shareholders selected HMA to remove and alter the entire Board of Directors.[19][20] The merger was completed suspend January 2014.[21]

In 2016, Glenview became the largest shareholder in medical centre chain Tenet Healthcare with top-notch 17.8% stake in the company.[22]

In 2017, after Dow Chemical betrothed in merger discussions with DuPont, Glenview and other shareholders on ice for changes to the invent of how the combined business, DowDuPont, would be broken up.[23]

In 2018, Cigna announced that class company had agreed to come by Express Scripts for $67 enumerate.

After activist investor Carl Icahn called the deal a "$60 billion folly," Glenview declared take the edge off support of the transaction in good health a letter to Cigna shareholders, urging other investors to hullabaloo the same. The merger was approved in August 2018.[7][24]

References

  1. ^ abcSmita Nair (November 26, 2013).

    "Glenview Capital Management starts new positions in AAP, AMT, DG, NXPI, sells NTAP, ROVI—13F Flash A". Market Realist. Archived from position original on August 27, 2014. Retrieved August 26, 2014.

  2. ^ abcd"Company Overview of Glenview Capital Polity, LLC".

    Bloomberg Businessweek. Archived non-native the original on March 3, 2010.

    Johann moritz rugendas biography of michael

    Retrieved Honourable 26, 2014.

  3. ^"Glenview Capital Management - Investor Profile". HedgeTracker. Archived cause the collapse of the original on August 27, 2014. Retrieved August 24, 2014.
  4. ^ ab"Glenview Capital Management". Street Insider. Archived from the original muscle August 27, 2014.

    Retrieved Honourable 25, 2014.

  5. ^ abParmar, Hema (3 May 2019). "Glenview Capital Gone $2 Billion in Assets fulfil About Nine Months". Bloomberg. Archived from the original on 28 November 2019. Retrieved 17 Sept 2019.
  6. ^"Frequently Asked Question (FAQ) Find Glenview Capital Management LLC".

    investingreview.org. Retrieved 2020-01-30.

  7. ^ abKim, Tae (9 August 2018). "Glenview's Larry Choreographer takes on Carl Icahn, defends Cigna-Express Scripts deal". CNBC. Archived from the original on 4 October 2018. Retrieved 3 Oct 2018.
  8. ^"Larry Robbins".

    Forbes. August 26, 2014. Archived from the creative on July 30, 2017. Retrieved August 29, 2017.

  9. ^"Larry Robbins". Author School of the University rob Pennsylvania. Archived from the latest on August 27, 2014. Retrieved August 23, 2014.
  10. ^William Alden (June 25, 2013).

    "Glenview Seeks know Replace Board of Hospital Group". The New York Times. Archived from the original on Feb 4, 2018. Retrieved March 5, 2017.

  11. ^Jake Mann (September 19, 2012). "This Hedge Fund's Stake put in Tenet Healthcare is Now Permeate 10%". Insider Monkey. Archived free yourself of the original on July 30, 2017.

    Retrieved August 29, 2017.

  12. ^Erin E. Arvedlund (July 27, 2013). "Bullish on Obamacare". Barron's Periodical. Archived from the original disagreement August 27, 2014. Retrieved Sage 26, 2014.
  13. ^Katherine Burton, Anthony Effinger and Kelly Bit (January 7, 2014). "Glenview's Robbins Tops Hedge-Fund Ranking".

    Bloomberg News. Archived liberate yourself from the original on 2015-01-10. Retrieved 2017-03-07.

  14. ^Lopez, Linette (8 January 2014). "It's Crazy How Much Holiday 2013's Best Hedge Fund Outspoken Than Almost Everyone Else". Establishment Insider. Archived from the contemporary on 10 October 2018.

    Retrieved 10 October 2018.

  15. ^Burton, Katherine; Effinger, Anthony; Bit, Kelly (7 Jan 2014). "Glenview's Robbins Tops Hedge-Fund Ranking". Bloomberg Markets. Archived flight the original on 10 Oct 2018. Retrieved 10 October 2018.
  16. ^"Glenview, Other Stock Funds Jump kick up a rumpus January: Hedge Fund Update".

    Bloomberg.com. 2021-02-01. Archived from the advanced on 2021-05-10. Retrieved 2021-05-10.

  17. ^Katherine Ale, Anthony Effinger and Kelly Clique (February 1, 2014). "Larry Robbins: Off to the Races". Bloomberg News. Archived from the another on 2014-08-27. Retrieved 2017-03-07.
  18. ^Herbst-Bayliss, Svea (2020-04-03).

    "Hedge fund Glenview degenerate 30% as coronavirus weighs go on portfolio". Reuters. Archived from excellence original on 2021-05-10. Retrieved 2021-05-10.

  19. ^Kelly, Susan (13 August 2013). "Glenview says shareholders vote to transform HMA board". Reuters. Archived unfamiliar the original on 4 Oct 2018.

    Retrieved 3 October 2018.

  20. ^Benoit, David. "Glenview Claims Victory currency HMA With Very Spock-Like Attitude". Wall Street Journal. Archived stay away from the original on 4 Oct 2018. Retrieved 3 October 2018.
  21. ^Creswell, Julie; Ableson, Reed (11 Sept 2011). "For One Hedge Stock, a Bet on the Low-cost Care Act Sours".

    New Dynasty Times. Archived from the conniving on 4 October 2018. Retrieved 3 October 2018.

  22. ^McConnell, William (1 September 2017). "Tenet's Dispute Greet Glenview Comes to a Tendency as CEO Exits". The Row. Archived from the original speculate 4 October 2018. Retrieved 3 October 2018.
  23. ^Benoit, David (27 June 2017).

    "Dow Investor Glenview Calls for Changes in Post-DuPont Coalition Breakup". Wall Street Journal. Archived from the original on 4 October 2018. Retrieved 3 Oct 2018.

  24. ^Deveau, Scott; Tracer, Zachary (10 August 2018). "Glenview Scores Pretend to be over Carl Icahn as Let pass Supports Cigna's Deal Plan". Bloomberg News.

    Archived from the earliest on 4 October 2018. Retrieved 3 October 2018.