Larry Robbins | $1B+
Get in touch with Larry Robbins | Larry Robbins, founder and CEO of Glenview Capital Management, is one of the most respected hedge fund managers in healthcare and event-driven investing. After early success at Leon Cooperman’s Omega Advisors, Robbins launched Glenview in 2000 and built a reputation for deep industry research, concentrated positions, and long-term conviction—particularly in hospitals, insurers, and medical services. His activist work has influenced major healthcare operators, while his philanthropic efforts in education, through the Robbins Family Foundation, focus on charter schools and educational reform. Known for patient, fundamental investing and outspoken views on healthcare policy, Robbins remains a defining figure in the sector.
Larry Robbins is an American billionaire hedge fund manager who founded and serves as chief executive officer of Glenview Capital Management, an investment firm established in 2000 that employs long/short equity strategies focused on growth at reasonable prices.[1][2] A graduate of the University of Pennsylvania's Wharton School and its Moore School of Engineering, Robbins built Glenview into a firm managing billions in assets through intensive fundamental research and concentrated positions, including activist interventions such as the successful push against hospital operator Health Management Associates in 2013.[3][4] His contrarian wager on the implementation of the Affordable Care Act propelled Glenview to top performance rankings in 2013, earning recognition as a standout hedge fund outcome amid broader industry challenges.[5] Yet Robbins faced sharp reversals, notably a more than 20% drawdown in his flagship fund through 2015, which led him to issue a forthright letter to investors accepting full responsibility, forgoing his management fee, and declaring, "I've failed."[6] In addition to his investment career, Robbins engages in philanthropy via the Robbins Family Foundation, championing education reform initiatives in New York City and nationally, alongside support for athletic and medical access programs.[1]
Early Life and Education
Upbringing and Family Influences
Larry Robbins was born on October 22, 1969, and raised in the Chicago suburb of Arlington Heights, Illinois.[7] He grew up in a middle-class family where his father, Sheldon Neal Robbins, exemplified a strong work ethic by holding two jobs to support the household.[5] Sheldon, who passed away in 2017 at age 78, served as a racing executive and co-owner at Arlington International Racecourse, contributing significantly to events like the 1985 "Miracle Million" stakes race following a track fire.[8] Due to his father's demanding schedule, Robbins often sought him out at the racetrack on weekends, where he gained early exposure to analytical decision-making through handicapping horse races.[5]
This hands-on involvement with racing instilled in Robbins a foundational principle of evaluating opportunities holistically—considering not just the "horse" (individual performer) but also the "race" (conditions like track surface and competition dynamics).[5] Sheldon Robbins' career in horse racing, including his roles at Arlington, Washington Park, and Maywood Park, highlighted perseverance amid industry challenges, such as financial pressures and operational disruptions, which indirectly shaped his son's approach to assessing complex systems.[9]
From an early age, Robbins developed a lifelong passion for hockey, beginning to play organized youth hockey at age five in the nearby suburb of Glenview, Illinois—a detail that later inspired the name of his hedge fund, Glenview Capital Management.[1] This pursuit, amid the competitive sports environment of the Chicago area, fostered discipline and teamwork, complementing the probabilistic reasoning learned from his father's racetrack lessons.[10] While specific details on his mother or siblings remain limited in public records, the familial emphasis on hard work and analytical rigor from Sheldon Robbins provided a causal foundation for Robbins' later success in quantitative fields like investment management.[5]
Academic Background and Early Interests
Robbins completed his undergraduate education at the University of Pennsylvania, graduating with honors in 1992 through the Jerome Fisher Program in Management and Technology. This dual-degree program awarded him a Bachelor of Science in Engineering from the Moore School of Engineering and Applied Science and a Bachelor of Science in Economics from the Wharton School.[3][11]
The Management and Technology program's emphasis on integrating engineering principles with business acumen shaped Robbins' analytical approach, which he later credited as a foundational "badge of honor" for his professional achievements in investment management.[3]
Robbins' early interests leaned toward finance and trading, sparked during a summer internship at O'Connor and Associates, a Chicago-based options trading firm. There, he developed a passion for options trading, drawing parallels to probabilistic decision-making in horse racing—a personal background interest that honed his risk assessment skills. This experience redirected his initial plan to enter his father's accounting business, igniting a sustained focus on markets and investment strategies.[11]
Investment Career
Early Professional Roles
Robbins commenced his professional career at Gleacher & Co., an investment bank specializing in mergers and advisory services in New York, where he worked for approximately 2.5 years following his graduation from the University of Pennsylvania.[5][12] In this role, he gained initial exposure to financial analysis and deal-making in the investment banking sector.[13]
Subsequently, Robbins transitioned to Omega Advisors, a prominent hedge fund managed by Leon Cooperman, joining their U.S. equity long/short team as an analyst.[5][11] Over the course of six years at Omega, he advanced to partner status, honing skills in equity research, long/short strategies, and company analysis that emphasized fundamental value and growth potential at reasonable prices.[12][14] This period at Omega provided Robbins with critical experience in activist investing approaches and portfolio management within a high-stakes hedge fund environment.[15]
Founding Glenview Capital Management
In 2000, after six years as an analyst and partner on the U.S. equity long/short team at Omega Advisors, Larry Robbins departed the firm to launch his own hedge fund, Glenview Capital Management.[14][16] Robbins, who had honed a concentrated, research-intensive investment approach during his time at Omega, sought independence to pursue his vision of fundamental, long-term value-oriented strategies unconstrained by larger firm dynamics.[11]
The firm, headquartered in New York, was named after Glenview, the Chicago suburb where Robbins first played hockey at age five, reflecting his personal roots and affinity for the sport.[1] Robbins left Omega in August 2000, took a short break, and began constructing the operation, with trading commencing on January 1, 2001.[5] Glenview was structured as a privately held entity managing capital for qualified investors via a series of private funds, emphasizing long/short equity positions in undervalued companies with strong growth potential.[17] Robbins served as founder, portfolio manager, and chief executive officer from inception, overseeing a concentrated portfolio typically comprising 10 to 20 core holdings.[16]
Core Investment Strategies and Major Bets
Glenview Capital Management, under Larry Robbins' leadership, primarily employs a long/short equity strategy centered on bottom-up fundamental analysis to identify mispriced securities, with a focus on high-conviction, concentrated positions rather than broad diversification.[18][19] The firm evaluates investments based on projected earnings and growth potential, prioritizing companies where operational improvements or strategic shifts can drive value creation.[20] While not strictly sector-agnostic, Glenview has historically allocated significant capital to healthcare, viewing it as an area ripe for disruption and consolidation due to regulatory changes and inefficiencies.[21]
Robbins has described the approach as emphasizing "consistency of effort" in research and execution, evolving from higher-velocity trading in the firm's early years to longer-term holdings as assets under management grew.[11][22] The strategy incorporates opportunistic elements in dedicated funds, allowing flexibility across equity and fixed income, but maintains a core emphasis on equity long/short positions informed by proprietary modeling of cash flows and competitive dynamics.[19]
Glenview frequently adopts an activist or "suggestivist" stance, engaging management teams of underperforming portfolio companies to advocate for governance reforms, cost-cutting, or asset reallocations aimed at enhancing shareholder returns, particularly in healthcare where the firm has built expertise.[23] A notable example is the 2013 campaign against a major distributor, where Glenview successfully pressured for board changes and strategic pivots, marking a hallmark win in its activist playbook.[23]
Major bets have often centered on healthcare subsectors anticipating regulatory tailwinds or operational turnarounds. In mid-2015, Glenview allocated approximately 23% of its capital to health insurers, 22% to hospitals, and 21% to drug manufacturers, positioning for post-reform efficiencies despite subsequent market headwinds from policy uncertainties.[21] More recently, in 2024, the firm amassed a roughly $700 million stake in CVS Health, representing about 28% of its flagship fund, and pushed for an operational overhaul, culminating in a November 18, 2024, agreement granting Glenview four board seats, including Robbins himself, to address underperformance in pharmacy benefits and retail segments.[24][25]
Another significant position involved Tenet Healthcare, where Glenview initiated an activist campaign in early 2024 to compel improvements in operations and capital allocation after repeated misses on financial targets, leveraging its stake to advocate for board refreshment and efficiency measures typical of the firm's playbook in hospital operators.[26][27] These bets reflect Glenview's willingness to concentrate risk in sectors with perceived asymmetric upside from activist interventions, though they have exposed the fund to sector-specific volatility, such as healthcare policy shifts.[28]
Performance Achievements and Setbacks
Glenview Capital Management, founded by Larry Robbins in 2000, posted strong returns in its initial decade, achieving a cumulative 301% net return from January 2001 to December 2010, outperforming broader market benchmarks during that period.[29] This performance was driven by concentrated bets in undervalued healthcare and consumer stocks, establishing the firm as a top activist investor. However, the 2008 financial crisis marked a significant setback, with the fund losing approximately 50% of its value and halving assets under management from around $9 billion, as leveraged positions in financial and healthcare sectors deteriorated amid market turmoil.[30]
Post-crisis recovery highlighted Robbins' opportunistic strategy, particularly in healthcare reform plays. In 2013, Glenview's Capital Opportunity Fund delivered an 84% return, topping Bloomberg's hedge fund rankings through bets on Affordable Care Act beneficiaries like Humana and Molina Healthcare, contributing to realized and unrealized gains exceeding $3.2 billion by mid-2015.[5][31] The flagship fund followed with solid gains, including 38% net returns in 2016 from broad U.S. equity exposure.[32] Yet, the mid-2010s brought reversals; in 2015, the firm lost over 18% amid failed activist campaigns and healthcare sector volatility, with a 12.4% drop in September alone from positions in companies like McKesson and Cigna.[33][34] Robbins acknowledged the underperformance in an investor letter, forgoing his management fee and describing it as a failure of process.[6] The following year saw a modest -2.7% decline.[33]
Further challenges emerged in 2018, when the flagship Glenview Capital Partners fund declined 16.2%, underperforming amid broader market pressures and concentrated holdings.[35] These setbacks prompted asset outflows, reducing management from peaks near $9 billion to about $7.7 billion by 2019. Turnarounds followed, with 23% gains in 2017 and nearly 30% in 2019, rebounding via healthcare operators like Tenet.[33][36] More recently, through August 2024, the fund advanced 17.2%, on pace for its strongest year in five, bolstered by holdings in Tenet Healthcare and other ambulatory providers.[37] This volatility underscores Glenview's high-conviction, sector-focused approach, yielding outsized wins but exposing it to sharp drawdowns when theses falter.[38]
Transition and Recent Activities
In recent years, Glenview Capital Management has focused on rebuilding performance following earlier setbacks, with the flagship Glenview Capital Partners fund recording gains of over 4 percent in the second quarter of 2025 and 8 percent in August 2025, though the fund remained net negative year-to-date as of mid-2025.[39][40] These improvements reflect Robbins' emphasis on catalyst-driven investments in healthcare and technology sectors, including increased stakes in companies such as Amazon and Meta Platforms during the first quarter of 2025.[41] The firm's assets under management stood at approximately $2.3 billion as of early 2024, with portfolio adjustments evident in quarterly 13F filings showing reductions in positions like CVS Health—down significantly in the second quarter of 2025—and new or expanded holdings in areas like global payments and data storage.[42][43]
Robbins has deepened involvement in corporate activism, particularly with CVS Health, where he joined the board of directors in November 2024 amid Glenview's push for operational reforms.[14] In September 2024, he met with CVS executives to outline a turnaround strategy addressing the company's challenges in retail pharmacy and health services, followed by a May 2025 statement from Glenview highlighting progress such as board refreshment and leadership changes.[24][44] This activist approach aligns with Glenview's historical focus on event-driven opportunities, as Robbins continues to advocate for value-unlocking measures in underperforming assets.[15]
In April 2024, Robbins relocated his family from New York to Palm Beach Gardens, Florida, primarily for lifestyle and family considerations involving his wife and three young children, while committing to commute for the firm's three-day in-office policy in Manhattan.[42] Glenview established a smaller satellite office in Florida but did not require any of its approximately 53 employees to relocate, preserving the core operations in New York.[42] This personal shift coincided with strong early 2024 performance, including a 16.6 percent return in the first quarter, positioning the fund for potential recovery momentum into 2025.[42][38]
Philanthropy and Civic Engagement
Establishment of the Robbins Family Foundation
The Robbins Family Foundation was established in 2009 as a 501(c)(3) private foundation headquartered in New York, New York.[45] It was founded by Larry Robbins, the hedge fund manager and founder of Glenview Capital Management, along with his wife Sarahmay, to channel philanthropic efforts into targeted grantmaking.[16][1] Larry Robbins has served as trustee and president since its inception, with no reported compensation for these roles.[45]
From the outset, the foundation's stated purpose centered on supporting 501(c)(3) organizations in health care, education, and scientific research, with an emphasis on scholarships, innovative projects, and programs advancing transformative education reform at local and national levels.[1][16] Initial funding appears to have derived from Robbins' personal wealth accumulated through Glenview Capital, enabling early-scale operations; by the fiscal year ending December 2011, the foundation held net assets of $37,885,623 and disbursed $12,309,790 in charitable contributions.[45] These disbursements included grants to education-focused entities, aligning with the foundation's core priorities from its formative period.
Focus on Education Reform
Robbins and his wife Sarahmay have directed significant philanthropic efforts toward education reform via the Robbins Family Foundation, emphasizing innovative approaches to improve outcomes for disadvantaged students in New York City and nationally.[1] Their support targets charter schools and teacher training programs that prioritize high academic standards, data-driven instruction, and skill-building for young people from low-income backgrounds.[46]
A key focus is on expanding access to high-performing charter networks, including grants to KIPP NYC Public Charter Schools, such as $300,040 in 2022 to foster joyful and academically rigorous environments.[47] Robbins serves as chairman of the board of KIPP New York, which operates multiple campuses serving over 9,500 students with a model centered on extended school days, strict discipline, and a college-track curriculum, achieving 91% college enrollment rates among graduates as of recent reports.[16][48]
He also chairs the board of Together Education, an organization promoting experimental methods to instill attitudes, skills, and knowledge in youth through modeling and reinforcement techniques.[49] Additionally, Robbins is a board member of the Relay Graduate School of Education, which he helped launch with a $10 million personal pledge around 2007 to train educators for urban charter schools via intensive, practice-based programs emphasizing measurable student gains in reading and math.[46] This initiative drew further backing, including $20 million from the Robin Hood Foundation, where Robbins serves on the board and chairs the education committee, supporting principal training and literacy interventions like the 2024 "Building Stronger Schools, Brighter Futures" program.[50][51]
Robbins' involvement extends to math education nonprofits such as Zearn, where he holds a board position, backing digital tools for personalized K-8 instruction aligned with common core standards.[49] His early commitment to Relay GSE, rooted in observations of traditional teacher preparation's shortcomings, underscores a preference for alternatives that prioritize results over credentials, as evidenced by his 2013 public reflections on funding "a new kind of teacher college."[52] These efforts reflect a broader strategy of leveraging private funding to challenge public school monopolies and scale evidence-based reforms, with Robbins raising funds for NYC charters amid ongoing debates over their scalability and equity impacts.[46][53]
Other Contributions and Public Stances
The Robbins Family Foundation, established in 2022, supports initiatives in animal welfare, arts, community enhancement, environmental causes, and healthcare, in addition to its educational efforts.[54] The foundation directs grants toward projects in the Midwest and Mountain West regions, including Kansas, Missouri, Wisconsin, North Dakota, Montana, and Wyoming.[54]
Robbins has contributed to community development through public-private partnerships, including a pledge of millions toward a $40 million ice hockey facility in Palm Beach Gardens, Florida, developed in collaboration with Wayne Gretzky to provide recreational infrastructure.[55] His involvement with the Robin Hood Foundation underscores commitments to broader anti-poverty efforts beyond education, such as supporting initiatives for stronger community outcomes in New York City.[51]
In public commentary, Robbins has voiced concerns about the migration of high-net-worth individuals from New York City, warning that the exodus of top earners—who contribute approximately 50% of the city's income tax revenue—poses risks to municipal budgets and services for vulnerable populations.[56] Despite relocating his family to Florida in 2024 for lifestyle reasons, he advocated for policies to retain and nurture young philanthropic talent in NYC to mitigate growing inequities.[56] Robbins maintains bipartisan political donations, supporting candidates from both Democratic and Republican parties.[57]
Personal Life
Family and Relationships
Larry Robbins has been married twice. His first marriage was to Amy Towers, with whom he co-founded aspects of his early professional endeavors before their divorce; the couple has four sons.[58]
In 2012, Robbins married Sarahmay Wesemael, a former dancer from Belgium, in a ceremony held in the south of France on June 9.[58] With Wesemael, Robbins has three children: as of April 2024, they were aged 8, 5, and 2.[42]
Robbins and his second wife collaborate through the Robbins Family Foundation, focusing on initiatives such as education reform, athletic access, and medical support.[1] No public details exist on other significant relationships or family dynamics beyond these marital and parental roles.[5]
Lifestyle and Interests
Robbins maintains a strong personal interest in ice hockey, having grown up playing the sport in the Chicago suburbs of Glenview, Illinois, where he began skating as a youth.[59] He has coached youth hockey teams and constructed an indoor ice rink at his former New Jersey residence to support family and community involvement in the sport.[10]
In terms of lifestyle, Robbins relocated his family from the New York-New Jersey area to South Florida in 2024, purchasing a $13.9 million mansion in the Old Palm Golf Club community of Palm Beach Gardens.[42][60] He continues to commute to his firm's New York office several days per week, using his New Jersey property as a base for these trips, reflecting a balance between professional commitments and family priorities amid broader wealth migration trends.[4
Disclaimer: This profile is based on publicly available information. No endorsement or affiliation is implied.
Join UHNWI direct Affiliate Program
Earn Passive Income by Sharing Verified Contact Information of Billionaires, Centi-Millionaires, and Multi-Millionaires on the UHNWI Direct Platform
Maximize your earnings potential by sharing direct and validated contact information of the ultra-wealthy, including billionaires, centi-millionaires, and multi-millionaires. Join the UHNWI Direct platform and tap into a lucrative passive income stream by providing valuable data to those seeking high-net-worth connections. Start earning today with UHNWI Direct.
You may also be interested in reviewing other UHNWIs profiles.
To find the person you want to contact, start typing their name or other relevant tags in the search bar.
Please note: Our database contains over 10,000 direct contacts of UHNWIs, and it is highly likely that the individual you are seeking is already included. However, creating individual profiles for each contact is a meticulous and time-intensive process, So, if you are unable to find the profile of the individual you are looking for, please click here.
Filter by Net Worth: All | Billionaires | Centi-Millionaires | Multi-Millionaires
Filter by Location: All | USA | Canada | Europe | UK | Russia & CIS | Asia | MEIA | Australia | Latin America
Filter by Age: 1920-1930 | 1930-1940 | 1940-1950 | 1950-1960 | 1960-1970 | 1970-1980 | 1980-1990 | 1990-2000
Related People
UHNWI direct
