Glenn Dubin
| Glenn Dubin | |
|---|---|
| Born |
April 13, 1957 Washington Heights, Manhattan, New York, US |
| Nationality | American |
| Alma mater | Stony Brook University (B.A.) |
| Occupation | Investor |
| Net worth | US$2.0 billion (September 2015) |
| Spouse(s) | Eva Andersson |
| Children | 3 |
| Parent(s) | Harvey Dubin Edith Dubin |
Glenn Russell Dubin (born April 13, 1957) is the Principal of Dubin & Co. LP, a private investment company managing a diversified portfolio of operating businesses and other investments across a broad range of industries and asset classes. He is also the Co-Founder of Highbridge Capital Management, an alternative asset management company based in New York City, and a founding board member of the Robin Hood Foundation.
Glenn Russell Dubin was born in 1957 in the Washington Heights section of upper Manhattan. He is the oldest son of Harvey and Edith Dubin. His father was a taxi driver who later worked in dress manufacturing. His mother was an Austrian Jewish immigrant who worked as a hospital administrator.
Dubin attended public school at Washington Heights' P.S. 132 and went on to Stony Brook University, where he graduated in 1978 with a degree in economics. He was also a member of the school’s football team and lacrosse club.
Dubin began his career in finance as a retail stock broker at E. F. Hutton & Co. in 1978. He was joined in 1984 by childhood friend Henry Swieca, and the pair started Dubin & Swieca, an early "fund of funds" business that constructed multi-manager hedge fund portfolios guided by the principles of modern portfolio theory. In 1992 they started Highbridge Capital Management with $35 million in capital, naming the firm after the 19th Century aqueduct that connects Washington Heights with the Bronx.
Highbridge Capital Management is an institutional alternative asset management company which, together with its affiliates, manages approximately $30 billion in capital. The firm is based in New York with offices in London and Hong Kong.
In late 2004, J.P. Morgan Asset Management—a division of JPMorgan Chase—purchased a majority interest in Highbridge. In July 2009, J.P. Morgan Asset Management completed its purchase of substantially all remaining shares of the firm—a transaction that was reputedly worth more than $1.3 billion. A handful of hedge fund founders have successfully transitioned ownership of their business to employees, while others have opted to sell the management company or part of it to a larger financial institution. This strategy has produced mixed results. JP Morgan’s acquisition of Highbridge Capital Management, with co-founder Glenn Dubin remaining at the helm as CEO, is generally seen an example of a model succession.
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