Glenview Capital Management
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| Privately Held | |
| Industry | Investment Management |
| Founded | September 15, 2000 |
| Headquarters | 767 Fifth Avenue, New York, New York 10153 |
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Area served
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Worldwide |
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Key people
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Larry Robbins, Founder, CEO, Portfolio Manager |
| AUM | US $17.5 Billion (December 2015) |
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Number of employees
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72 (2014) |
Glenview Capital Management is a hedge fund founded in 2000 with approximately $17.5 billion of capital under management as of December 2015. Glenview manages capital for investors through a series of private investment funds. The firm was founded by Larry Robbins, the firm’s CEO and portfolio manager, and has offices in New York and London.
Robbins left Omega Advisors in 2000 to form Glenview Capital Management, named after the suburban Chicago area where he started playing hockey at age five.
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. 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.
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. Some of its notable health care investments have included Tenet Healthcare (: THC), Health Management Associates (: HMA), Community Health Systems (: CYH), Humana (: HUM), Thermo Fischer Sceientific and McKesson Corporation (: MCK). As of July 2015, the firm had $11.8 billion in assets under management.
In 2013, it was reported that Glenview was the 69th largest hedge fund in the world with 72 employees.
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Wikipedia