Glenview Capital Management is a hedge fund founded in 2000 with approximately $16.5 billion of capital under management as of December 2017. 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.
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History
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.
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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. 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.
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. Some of its notable health care investments have included:
- Community Health Systems (NYSE: CYH)
- Health Management Associates (NYSE: HMA)
- Humana (NYSE: HUM)
- Tenet Healthcare (NYSE: THC)
- Thermo Fischer Sceientific and McKesson Corporation (NYSE: MCK).
Organization
In 2017, it was reported that Glenview was the 67th largest hedge fund in the world with 72 employees.
Awards and recognition
- 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 Awards
- Equity-Focused Hedge Fund Manager of the Year 2013
Hedge Funds Review Americas Award 2014
- Winner - Best Equity Long/Short Hedge Fund (GO)
Barron's 100 Best Performing Hedge Funds 2013
- #1 Ranking (GO)
Absolute Return Awards 2013
- Winner - 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 Awards
- Winner - Equity-Focused Hedge Fund Manager of the Year 2010
Absolute Return Awards 2005
- Winner - Fund of the Year (Glenview)
Offices
Glenview is headquartered in New York City with a research office in London.
References
Source of article : Wikipedia
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