Glenn Dubin: Difference between revisions
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Dubin began his career in finance as a retail stock broker at [[E. F. Hutton & Co.]] in 1978. He was joined at Hutton in 1984 by childhood friend Henry Swieca, where the pair started an asset management and brokerage group. They left to establish Dubin & Swieca Capital Management in 1989 after Shearson Lehman Holdings Inc. bought E. F. Hutton. In 1992 they started Highbridge Capital Management, naming the firm after the 19th Century aqueduct that connects Washington Heights with the Bronx. |
Dubin began his career in finance as a retail stock broker at [[E. F. Hutton & Co.]] in 1978. He was joined at Hutton in 1984 by childhood friend Henry Swieca, where the pair started an asset management and brokerage group. They left to establish Dubin & Swieca Capital Management in 1989 after Shearson Lehman Holdings Inc. bought E. F. Hutton. In 1992 they started Highbridge Capital Management, naming the firm after the 19th Century aqueduct that connects Washington Heights with the Bronx. |
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Dubin and Swieca began Highbridge with $35 million in capital. Between 1993 and 2010, Highbridge’s stable of hedge funds grew to include: the Highbridge Long/Short Equity Fund, the Highbridge Asia Opportunities Fund, the Highbridge Statistical Opportunities Fund, the Highbridge Event Driven Opportunities Fund and the Highbridge Quantitative Commodities Fund. The firm expanded to include an asset management business in 2005, becoming one of the first alternative investment organizations to have mutual fund vehicles. Highbridge Principal Strategies, a private equity and credit business, was added in 2007<ref>{{cite web|title=J.P. Morgan: Direct Hedge Funds|url=http://www.jpmorgan.com/pages/jpmorgan/am/ia/investment_strategies/hedge_funds/direct|publisher=J.P. Morgan|accessdate=12 October 2010}}</ref>. J.P. Morgan purchased a controlling stake in Highbridge in December, 2004<ref>{{cite web|title=J.P. Morgan: Direct Hedge Funds|url=http://www.jpmorgan.com/pages/jpmorgan/am/ia/investment_strategies/hedge_funds/direct|publisher=J.P. Morgan|accessdate=13 October 2010}}</ref>. The acquisition was structured over a five-year period and was reputedly worth more than $1.3 billion<ref>{{cite web|title=J.P. Morgan Asset Management to complete purchase of Highbridge|url=http://www.jpmorgan.com/cm/cs?pagename=JPM_redesign/JPM_Content_C/Generic_Detail_Page_Template&cid=1159397075094&c=JPM_Content_C|publisher=J.P. Morgan|accessdate=12 October 2010}}</ref>. |
Dubin and Swieca began Highbridge with $35 million in capital. Between 1993 and 2010, Highbridge’s stable of hedge funds grew to include: the Highbridge Long/Short Equity Fund, the Highbridge Asia Opportunities Fund, the Highbridge Statistical Opportunities Fund, the Highbridge Event Driven Opportunities Fund and the Highbridge Quantitative Commodities Fund. The firm expanded to include an asset management business in 2005, becoming one of the first alternative investment organizations to have mutual fund vehicles. Highbridge Principal Strategies, a private equity and credit business, was added in 2007<ref>{{cite web|title=J.P. Morgan: Direct Hedge Funds|url=http://www.jpmorgan.com/pages/jpmorgan/am/ia/investment_strategies/hedge_funds/direct|publisher=J.P. Morgan|accessdate=12 October 2010}}</ref>. |
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J.P. Morgan purchased a controlling stake in Highbridge in December, 2004<ref>{{cite web|title=J.P. Morgan: Direct Hedge Funds|url=http://www.jpmorgan.com/pages/jpmorgan/am/ia/investment_strategies/hedge_funds/direct|publisher=J.P. Morgan|accessdate=13 October 2010}}</ref>. The acquisition was structured over a five-year period and was reputedly worth more than $1.3 billion<ref>{{cite web|title=J.P. Morgan Asset Management to complete purchase of Highbridge|url=http://www.jpmorgan.com/cm/cs?pagename=JPM_redesign/JPM_Content_C/Generic_Detail_Page_Template&cid=1159397075094&c=JPM_Content_C|publisher=J.P. Morgan|accessdate=12 October 2010}}</ref>. |
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==Philanthropy== |
==Philanthropy== |
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Revision as of 03:34, 30 October 2010
Glenn Dubin | |
|---|---|
| Born | April 13, 1957 Washington Heights, Manhattan, New York |
| Nationality |  United States |
| Alma mater | Stony Brook University (B.A.) |
| Occupation | Hedge fund manager |
Glenn Dubin (born April 13, 1957) is the co-founder and CEO of Highbridge Capital Management, an asset management company based in New York City, and a founding board member of the Robin Hood Foundation.
Personal life
Glenn Dubin was born in 1957 in the Washington Heights section of upper Manhattan, which at the time was a neighborhood populated by Europeans fleeing Nazi Germany[2]. He is the oldest son of Harvey and Edith Dubin. 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 and lacrosse teams[3].
Professional Life
Dubin began his career in finance as a retail stock broker at E. F. Hutton & Co. in 1978. He was joined at Hutton in 1984 by childhood friend Henry Swieca, where the pair started an asset management and brokerage group. They left to establish Dubin & Swieca Capital Management in 1989 after Shearson Lehman Holdings Inc. bought E. F. Hutton. In 1992 they started Highbridge Capital Management, naming the firm after the 19th Century aqueduct that connects Washington Heights with the Bronx.
Dubin and Swieca began Highbridge with $35 million in capital. Between 1993 and 2010, Highbridge’s stable of hedge funds grew to include: the Highbridge Long/Short Equity Fund, the Highbridge Asia Opportunities Fund, the Highbridge Statistical Opportunities Fund, the Highbridge Event Driven Opportunities Fund and the Highbridge Quantitative Commodities Fund. The firm expanded to include an asset management business in 2005, becoming one of the first alternative investment organizations to have mutual fund vehicles. Highbridge Principal Strategies, a private equity and credit business, was added in 2007[4].
J.P. Morgan purchased a controlling stake in Highbridge in December, 2004[5]. The acquisition was structured over a five-year period and was reputedly worth more than $1.3 billion[6].
Philanthropy
In 1987, Dubin was asked by fellow hedge fund manager and close friend Paul Tudor Jones to join him and Peter Borish in a venture philanthropy project Jones had conceived and started. The resulting Robin Hood Foundation has raised and granted more than $1 billion to fight poverty, uses economic metrics to measure the effectiveness, or “relative returns” of its charitable grants[7]. All operating expenses of the foundation are paid by the board members (currently more than 30). Dubin has served on the board since since its founding, is a former Board Chair, and sits on the Jobs and Economic Security subcommittee.
In 2010, Dubin gave $5 million to Harvard University to establish the Dubin Graduate Fellowships for Emerging Leaders at the John F. Kennedy School of Government’s Center for Public Leadership. The gift provides tuition for up to ten students each year, characterized as “strategic investments in outstanding individuals with demonstrated promise.”[8]
Glenn Dubin is also a trustee of the Mt. Sinai Medical Center. He and his wife funded the Dubin Breast Center at Mt. Sinai in 2010 to provide comprehensive integrated breast care in a patient-centered environment. The multidisciplinary Center is headed by co-directors Dr. George Raptis and Dr. Elisa Port[9].
In addition, the Dubins have funded the Dubin Family Athletic Performance Center at State University of New York at Stony Brook[10].
References
- ^ "The World's Billionaires". Forbes.com. Retrieved 12 October 2010.
- ^ "Washington Heights, Manhattan". Wikipedia. Retrieved 12 October 2010.
- ^ "Athletics Receives $4.3M Gift for New Strength Facility". Stony Brook University. Retrieved 12 October 2010.
- ^ "J.P. Morgan: Direct Hedge Funds". J.P. Morgan. Retrieved 12 October 2010.
- ^ "J.P. Morgan: Direct Hedge Funds". J.P. Morgan. Retrieved 13 October 2010.
- ^ "J.P. Morgan Asset Management to complete purchase of Highbridge". J.P. Morgan. Retrieved 12 October 2010.
- ^ "The legend of Robin Hood". Fortune Magazine. Retrieved 29 October 2010.
- ^ "Gift launches fellowship fund". Harvard Gazette. Retrieved 29 October 2010.
- ^ "Eva Andersson-Dubin, MD and Glenn Dubin's donation establishes Dubin Breast Center". The Mt. Sinai Medical Center. Retrieved 29 October 2010.
- ^ "Athletics Receives $4.3M Gift for New Strength Facility". Stony Brook University. Retrieved 29 October 2010.