Dubin in September 2010
|Born||April 13, 1957|
Washington Heights, Manhattan, New York, US
|Alma mater||Stony Brook University (B.A.)|
|Occupation||Hedge fund manager|
|Known for||Co-Founder, Highbridge Capital Management|
Founder, Engineers Gate
Investor, Castleton Commodities International
|Net worth||US$2.0 billion (December 2019)|
|Spouse(s)||Eva Andersson-Dubin (1994)|
Glenn Russell Dubin (born April 13, 1957) is the Principal of Dubin & Co. LP, a private investment company managing a portfolio of operating businesses and other investments. 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. In August 2019, unsealed documents revealed connections between Dubin and Jeffrey Epstein, including allegations of involvement in his sex ring.
Glenn Russell Dubin was born to a middle-class Jewish family in the Washington Heights section of upper Manhattan. He is the oldest son of Harvey and Edith Dubin. His father, a Russian Jew, 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 attend college at 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. In 2010 the Dubins donated $4.3 million to Stony Brook University towards the Dubin Family Athletic Performance Center.
In 1984, Glenn Dubin and his childhood friend Henry Swieca co-founded Dubin & Swieca Capital Management. The company was an early fund of funds business that constructed multi-manager hedge fund portfolios guided by the principles of modern portfolio theory. In 2005, the firm was renamed Corbin Capital Partners, as Dubin and Swieca were no longer involved in the day-to-day management of the company. The new name reportedly originated from an intersection in Washington Heights where the founders first met when they were 5 years old.
In 1992, Dubin and Swieca founded Highbridge Capital Management with $35 million in capital, naming the institutional alternative-asset management firm after the 19th Century aqueduct that connects Washington Heights with the Bronx. In late 2004, J.P. Morgan Asset Management—a division of JPMorgan Chase—purchased a majority interest in Highbridge. The Financial Times reported in 2006 that JPMorgan paid Glenn Dubin an "an estimated $1bn in 2004" for his majority stake in Highbridge Capital Management.
In July 2009, J.P. Morgan Asset Management completed its purchase of substantially all remaining shares of the firm. After the purchase, Dubin remained Highbridge’s chief executive. By 2011, Dubin was sharing responsibilities for managing Highbridge with Todd Builione and Scott Kapnick. By 2013, Glenn Dubin had "handed control" of Highbridge to Scott Kapnick a former Goldman Sachs banker, but continued to work in the firm’s New York offices.
In 2013, Dubin founded the quantitative-trading firm Engineers Gate Manager LP. The company along with Dubin's family office are headquartered at Hudson Yards. In January 2020 Dubin announced he was retiring from the hedge fund industry after four decades to focus on private investments.
In 2006, Highbridge invested as a joint venture in Louis Dreyfus Group to increase their access to and control of energy delivery within trading markets. In October 2012, it was announced that Dubin, Paul Tudor Jones and Timothy Barakett were among a group of investors buying the merchant energy operation, then called Louis Dreyfus Highbridge Energy ("LDH Energy"), and renamed the firm Castleton Commodities International, LLC.
Robin Hood Foundation - 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 $2 billion to fight poverty in New York City. Dubin has served on the board since its founding, is a former Board Chair, and sits on the Jobs and Economic Security subcommittee.
Dubin Fellowship for Emerging Leaders - In 2010, Dubin established the Dubin Fellowship for Emerging Leaders at the Center for Public Leadership, an academic research center at Harvard Kennedy School, with a $5 million gift. He had formed a relationship with the school two years prior while speaking before the school's students. The fellowship provides tuition for up to ten students each year. Dubin also serves on the Kennedy School’s Dean's Executive Committee.
Mount Sinai Hospital - Dubin is a trustee of the Mt. Sinai Medical Center. He and his wife funded the Dubin Breast Center of the Tisch Cancer Institute at Mount Sinai in 2010 to provide comprehensive integrated breast care in a patient-centered environment. The multidisciplinary Center is headed by Dr. Elisa Port.
The Giving Pledge - On April 19, 2012 Dubin and his wife Eva signed The Giving Pledge, created by Bill Gates and Warren Buffett. The commitment of the pledge is to give away at least 50% of their wealth to charity within their lifetime.
Residences - The Dubins live in Manhattan and own property in Colorado's Gunnison County as well as in Sweden.
In August 2019, unsealed documents revealed connections between Dubin and Jeffrey Epstein, including allegations of involvement in his sex ring. Former house manager for the Dubins, Rinaldo Rizzo, described a 2005 encounter with a 15-year-old girl employed as a nanny. Rizzo said the girl told him Ghislaine Maxwell pressured her to have sex with Epstein, taking her passport when she refused. A month into her employ, according to The Daily Beast, the Dubins took the girl with them to Sweden, where she was dropped off at an airport. Virginia Giuffre also claimed in her lawsuit that Glenn Dubin was one of the men with which Epstein and Maxwell forced her to have sex.
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- "Eva Andersson-Dubin, MD and Glenn Dubin's donation establishes Dubin Breast Center". The Mount Sinai Medical Center. Retrieved October 29, 2010.
- Loomis, Carol; Helft, Miguel (April 19, 2012). "The Total Number of Members, Many Signing Jointly With Their Spouses, Has Reached 81". United States: Fortune. Fortune Media IP Limited. Archived from the original on April 20, 2012. Retrieved August 29, 2019.