Glenview Capital Management

Glenview Capital Management[1]
Privately Held[1]
Industry Investment Management[2]
Founded September 15, 2000[2]
Headquarters 767 Fifth Avenue, New York, New York 10153[3]
Area served
 Worldwide[4]
Key people
 Larry Robbins, Founder, CEO, Portfolio Manager
Mark Horowitz, President and Chief Compliance Officer
Michael Burke, Chief Financial Officer[2][3]
AUM US $17.5 Billion (December 2015)[5]
Number of employees
 72 (2014)[6]

Glenview Capital Management is a hedge fund founded in 2000 with approximately $17.5 billion of capital under management as of December 2015.[7] Glenview manages capital for investors through a series of private investment funds.[1][4] The firm was founded by Larry Robbins, the firm’s CEO and portfolio manager, and has offices in New York and London.[2]

History

Robbins left Omega Advisors in 2000 to form Glenview Capital Management, which is named after the suburban Chicago area where he started playing hockey at age five.[8][9]

Investment products and strategies

Glenview’s investing style is most commonly tied to the category of Growth at a Reasonable Price or “GARP” and focuses on companies in industries that are stable, predictable and steady, with recurring revenue streams or entrenched market positions.[10][11][12] Glenview’s flagship funds which launched in 2001 employ a long/short strategy focused on investments in equity and fixed income securities. In 2007, Glenview launched the Glenview Opportunity or “GO” funds which employ a purely opportunistic investment approach. Across these two strategies Glenview manages the following investment funds: Glenview Capital Partners, L.P., Glenview Institutional Partners, L.P., Glenview Capital Partners (Cayman), Ltd., Glenview Capital Opportunity Fund, L.P. and Glenview Offshore Opportunity Fund, Ltd.[2][13]

Healthcare

Glenview holds investments in a broad range of industries but started making significant health care investments in 2004, after President George W. Bush signed the Medicare Modernization Act.[6][12] Some of its notable health care investments have included Tenet Healthcare (NYSE: THC), Health Management Associates (NYSE: HMA), Community Health Systems (NYSE: CYH), Humana (NYSE: HUM), Thermo Fischer Sceientific and McKesson Corporation (NYSE: MCK).[6][10][12][14] As of July 2015, the firm had realized and paper gains of $3.2 billion and assets under management of $11.8 billion.[15]

Organization

In 2013, it was reported that Glenview was the 69th largest hedge fund in the world[16] with 72 employees.[6]

Awards and recognition

Institutional Investor's 12th Annual Hedge Fund Industry Awards

Hedge Funds Review Americas Award 2014

Barron's 100 Best Performing Hedge Funds 2013

Absolute Return Awards 2013

Bloomberg Markets Magazine, Top-Performing Large Hedge Funds 2013

Institutional Investor's 9th Annual Hedge Fund Industry Awards

Absolute Return Awards 2005

Offices

Glenview is headquartered in New York City with a research office in London.[2]

References

  1. 1 2 3 Smita Nair (November 26, 2013). "Glenview Capital Management starts new positions in AAP, AMT, DG, NXPI, sells NTAP, ROVI—13F Flash A". Market Realist.
  2. 1 2 3 4 5 6 "Company Overview of Glenview Capital Management, LLC". Bloomberg Businessweek. Retrieved August 26, 2014.
  3. 1 2 "Glenview Capital Management - Investor Profile". HedgeTracker. Retrieved August 24, 2014.
  4. 1 2 "Glenview Capital Management". Street Insider. Retrieved August 25, 2014.
  5. ↑ "Glenview Capital Management". NASDAQ. December 31, 2015.
  6. 1 2 3 4 Katherine Burton, Anthony Effinger and Kelly Bit (February 1, 2014). "Larry Robbins: Off to the Races". Bloomberg News.
  7. ↑ "Glenview Capital Management". NASDAQ. December 31, 2015.
  8. ↑ "Larry Robbins". Forbes. August 26, 2014.
  9. ↑ "Larry Robbins". Wharton School of the University of Pennsylvania. Retrieved August 23, 2014.
  10. 1 2 William Alden (June 25, 2013). "Glenview Seeks to Replace Board of Hospital Group". The New York Times.
  11. ↑ Jake Mann (September 19, 2012). "This Hedge Fund’s Stake in Tenet Healthcare is Now Above 10%". Insider Monkey.
  12. 1 2 3 Erin E. Arvedlund (July 27, 2013). "Bullish on Obamacare". Barron's Magazine.
  13. 1 2 Katherine Burton, Anthony Effinger and Kelly Bit (January 7, 2014). "Glenview’s Robbins Tops Hedge-Fund Ranking". Bloomberg News.
  14. ↑ Nathan Vardi (July 12, 2013). "Larry Robbins' Obamacare Trade Helps Him Become One Of The Nation's Hottest Hedge Fund Managers". Forbes.
  15. ↑ Benoit, David, "Fund Boss’s Gamble on Health Law Pays Off Big", Wall Street Journal, July 23, 2015. Retrieved 2015-07-23.
  16. ↑ Rob Copeland (September 4, 2013). "Billion Dollar Club: Adage, AQR, J.P. Morgan excel at asset arms race". HedgeFund Intelligence.
  17. ↑ Taub, Stephen. "The Hedge Fund Report Card" (PDF). Institutional Investor's Alpha. Retrieved 4 March 2016.
  18. ↑ "Institutional Investor’s 2013 Hedge Fund Award Winners Announced". Institutional Investor. June 28, 2013.
  19. ↑ "Hedge Funds Review Americas Awards 2014". Hedge Funds Review. July 24, 2014.
  20. ↑ Eric Uhlfelder (May 17, 2014). "Our Top 100 Hedge Funds". Barron's Magazine.
  21. ↑ "Absolute Return Awards for 2013". HedgeFund Intelligence. February 13, 2014.
  22. ↑ "9th Annual Hedge Fund Industry Awards". Institutional Investor. June 20, 2011.
  23. ↑ "Absolute Return Awards for 2005". HedgeFund Intelligence. November 1, 2005.
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