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 (NYSE: THC), Health Management Associates (NYSE: HMA), Community Health Systems (NYSE: CYH), Humana (NYSE: HUM), Thermo Fischer Sceientific and McKesson Corporation (NYSE: 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.In 2015 Institutional Investor/Alpha magazine gave Glenview an A grade and the #8 ranking among hedge funds worldwide.
Institutional Investor's 12th Annual Hedge Fund Industry AwardsEquity-Focused Hedge Fund Manager of the Year 2013
Hedge Funds Review Americas Award 2014Winner - Best Equity Long/Short Hedge Fund (GO)
Barron's 100 Best Performing Hedge Funds 2013#1 Ranking (GO)
Absolute Return Awards 2013Winner - Fund of the Year (GO)
Winner - U.S. Equity Fund (GO)
Bloomberg Markets Magazine, Top-Performing Large Hedge Funds 2013#1 Ranking (GO)
Institutional Investor's 9th Annual Hedge Fund Industry AwardsWinner - Equity-Focused Hedge Fund Manager of the Year 2010
Absolute Return Awards 2005Winner - Fund of the Year (Glenview)
Glenview is headquartered in New York City with a research office in London.