User:WestportWiki/Glenn Dubin
Glenn Dubin | |
|---|---|
 Glenn Dubin Sept 2010 | |
| Born | April 13, 1957 Washington Heights, Manhattan, New York, US[1] |
| Nationality | American |
| Alma mater | Stony Brook University (B.A.)[1] |
| Occupation | Investor |
| Known for | Co-Founder, Highbridge Capital Management[2] Founder, Engineers Gate Investor, Castleton |
| Spouse | Eva Andersson-Dubin[3] (1994)[4] |
| Children | 3[5] |
| Parent(s) | Harvey Dubin Edith Dubin |
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.[6]
Early life
[edit]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[5] 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.[7] In 2010 the Dubins donated $4.3 million to Stony Brook University towards the Dubin Family Athletic Performance Center.[8]
Career
[edit]1978 - E. F. Hutton & Co.
[edit]Dubin began his career in finance as a retail stock broker at E. F. Hutton & Co. in 1978.
1984 - Dubin & Swieca Capital Management
[edit]In 1984 Glenn Dubin and his childhood friend Henry Swieca co-founded Dubin & Swieca Capital Management.[9] 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 Messrs decided to rename Dubin & Swieca Capital Management to Corbin Capital Partners reflecting that Glenn Dubin and Henry Swieca were no longer primarily focused on the day-to-day management of the company having founded the hedge fund Highbridge Capital Management.[10] Pensions & Investments reported that the name was originated from an "intersection in the Washington Heights section of New York City, where the firm's founders first met at age 5."[10] Glenn Dubin was no longer involved from the day to day management of Corbin Capital Partners as of 2005.[10] In 2006 The Nobel Foundation allocated funds to hedge funds to manage for the first time choosing three managers one of which was Corbin Capital Partners which at the time managed $1.7 billion out of New York.[9]
1992 - 2013 - Highbridge Capital Management (HCM)
[edit]1992 - Co-Founds HCM
In 1992 they started Highbridge Capital Management with $35 million in capital, naming the firm after the 19th Century aqueduct that connects Washington Heights with the Bronx.
Highbridge Capital Management is an institutional alternative-asset management company which, together with its affiliates, manages approximately $30 billion in capital. The firm is based in New York with offices in London and Hong Kong.
2004 - 2009 - Dubin Sells HCM to JPMorgan
In late 2004, J.P. Morgan Asset Management—a division of JPMorgan Chase—purchased a majority interest in Highbridge as reported by the New York Times to "gain exposure to the fast-growing hedge fund sector."[11][2] 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.[12]
In July 2009, J.P. Morgan Asset Management completed its purchase of substantially all remaining shares of the firm.[2] A transaction that was reputedly worth more than $1.3 billion.
2010 - 2013 - Dubin Continues as CEO of HCM
After the purchase by JPMorgan of Highbridge Capital Management Glenn Dubin remained Highbridge’s chief executive.[13] By 2011 Glenn Dubin was sharing responsibilities for managing Highbridge with Todd Builione and Scott Kapnick.[14] By 2013 Glenn Dubin had "handed control" of Highbridge to Scott Kapnick a former Goldman Sachs banker.[15] Glenn Dubin continued to work at Highbridge's New York office to ensure a smooth hand off and to "support Mr Kapnick, his handpicked successor".[15]
2006 - Castleton Commodities International
[edit]2006 - Louis Dreyfus Highbridge Energy
Highbridge Capital Management in 2006 invested as a joint venture in Louis Dreyfus Group to increase their access to and control of energy delivery within trading markets.[11]
2012 - Castleton Commodities International
In October 2012, it was announced that Glenn Dubin, Paul Tudor Jones and Timothy Barakett were among a group of investors buying the merchant energy operation Louis Dreyfus Highbridge Energy ("LDH Energy").[16] The new company is called Castleton Commodities International, LLC where Dubin as of 2012 is the lead shareholder.[17]
2013 - Engineers Gate
[edit]Glenn Dubin founded the quantitative-trading firm Engineers Gate Manager LP.[18] The company along with Glenn Dubin's family office are headquartered at Hudson Yards.[18]
Philanthropy
[edit]1987 - Robin Hood Foundation
[edit]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.[19] The foundation finds, funds, and creates programs and schools that generate measurable results for families in New York's poorest neighborhoods. The board pays all administrative, fundraising, and evaluation costs, allowing 100% of donations to go directly to organizations helping New Yorkers in need. Dubin has served on the board since its founding, is a former Board Chair[20], and sits on the Jobs and Economic Security subcommittee.
2010 - Dubin Fellowship for Emerging Leaders
[edit]Glenn Dubin established his relationship with the Kennedy School two years prior to the 2010 $5 million donation while speaking before the school's students.[21] In 2010, Glenn Dubin established the Dubin Fellowship for Emerging Leaders at the Center for Public Leadership an academic research center at Harvard Kennedy School.[22] The fellowship provides tuition for up to ten students each year, characterized as "strategic investments in outstanding individuals with demonstrated promise."[22] Glenn Dubin serves on the Kennedy School’s Dean's Executive Committee "which provides “crucial unrestricted funding and valuable advice” to administrators".[23]
2010 - Mount Sinai Hospital
[edit]Dubin is also a trustee of the Mt. Sinai Medical Center.[22] 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 Dr. Elisa Port.[24]
2012 - The Giving Pledge
[edit]On April 19, 2012 Dubin and his wife Eva signed The Giving Pledge, created by Bill Gates and Warren Buffett.[25] The commitment of the pledge is to give away at least 50% of their wealth to charity within their lifetime.[25][5]
Personal life
[edit]Family
[edit]Glenn Dubin first saw Eva Andersson on the New York Post's Page Six in a modeling photo.[5] In 1994, Dubin married Eva Andersson, a medical doctor, and the couple has three children (two daughters and son).[3] Dr. Andersson-Dubin was born in Sweden where she was educated and began her medical training at the Karolinska Institute School of Medicine in Stockholm. She received her M.D. from UCLA in 1989.[26] Dr. Andersson-Dubin is also a former Miss Sweden (1980) and 4th runner-up in Miss Universe 1980. Bloomberg reported Dr. Andersson-Dubin as a "renowned physician".[27]
Residences
[edit]The Dubins live in Manhattan and own property in Colorado's Gunnison County as well as in Sweden.
Legal
[edit]In August 2019, unsealed documents revealed connections between Dubin and Jeffrey Epstein, including allegations of involvement in his sex ring.[6] 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.[4] 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.[3]
References
[edit]- ^ a b c "#1168 Glenn Dubin". Forbes. Forbes Media LLC. August 29, 2019. Retrieved August 29, 2019.
- ^ a b c "JPMorgan to Acquire Rest of Highbridge Capital". No. DealBook. New York, N.Y., United States: New York Times. The New York Times Company. June 11, 2009. Retrieved August 29, 2019.
- ^ a b c Mcdonell-Parry, Amelia (August 22, 2019). "Jeffrey Epstein: Who's Who in Underage Sex Trafficking Case". United States: Rolling Stones. Penske Business Media, LLC. Retrieved August 29, 2019.
- ^ a b Briquelet, Kate; Daly, Michael (August 19, 2019). "NYC Power Couple's Butler Says Swedish Teen Told Him of Epstein Island Horrors". United States: The Daily Beast. The Daily Beast Company LLC. Retrieved August 29, 2019.
- ^ a b c d Tuckwood, Jan (June 11, 2018). "Dubin Breast Center: Doctor Turns Her Experience Into a Healing Center". No. Lifestyle. United States: Palm Beach Post. GateHouse Media, LLC. Retrieved September 2, 2019.
- ^ a b Saul, Emily; Denney, Andrew (August 9, 2019). "Jeffrey Epstein's alleged 'sex slave' reveals the men she claims she was forced to sleep with". No. METRO. New York, N.Y., United States: New York Post. NYP Holdings, Inc. Retrieved August 9, 2019.
- ^ "Athletics Receives $4.3M Gift for New Strength Facility". United States: Stony Brook University Happenings. Stony Brook University. October 6, 2010. Archived from the original on November 1, 2010. Retrieved August 29, 2019.
- ^ Schonbrun, Zach (June 13, 2012). "At Stony Brook, Baseball Is Just the Latest Success Story". No. Sports. New York, N.Y., United States: New York Times. The New York Times Company. p. B15. Retrieved August 29, 2019.
- ^ a b Schurr, Stephen (April 16, 2006). "Nobel to Invest in Hedge Funds for First Time". No. Financials. London: Financial Times. Nikkei. Retrieved August 30, 2019.
- ^ a b c "Corbin Capital Partners Is the New Name for Hedge Fund-of-Funds...". United States: Pensions & Investments. Crain Communications Inc. May 25, 2005. Retrieved August 30, 2019.
- ^ a b Sorkinjan, Andrew (January 8, 2007). "Highbridge Hedge Fund Buys Stake in Louis Dreyfus Energy Business". No. Business Day. New York, N.Y., United States: New York Times. The New York Times Company. p. C2. Retrieved August 29, 2019.
- ^ Wighton, David; Brewster, Deborah (September 26, 2006). "Amaranth Losses 'Boost for Backed Funds'". No. US & Canadian Companies. New York, N.Y., United States: Financial Times. Nikkei. Retrieved August 30, 2019.
- ^ Guerrera, Francesco; Rathbone, John (October 26, 2010). "JPMorgan Inks $6bn Brazil Hedge Fund Deal". No. Banks. New York, N.Y., United States: Financial Times. Nikkei. Retrieved August 30, 2019.
- ^ McCrum, Dan (April 8, 2011). "Builione Named as President at Highbridge". No. Hedge Funds. New York, N.Y., United States: Financial Times. Nikkei. Retrieved August 30, 2019.
- ^ a b Tett, Gillian (August 29, 2013). "Hedge Funds Should Invest in Smoother Handovers". No. Hedge Funds. Financial Times. Nikkei. Retrieved August 30, 2019.
- ^ "Louis Dreyfus and JPMorgan to Sell Energy Trading Venture". No. DealBook. New York Times. The New York Times Company. October 4, 2012. Retrieved August 29, 2019.
- ^ McCrum, Dan; Blas, Javier (October 3, 2012). "Louis Dreyfus to sell energy trader". New York, N.Y., United States: Financial Times. Nikkei. Retrieved August 29, 2019.
- ^ a b Morris, Keiko (December 4, 2017). "Hudson Yards Is Attracting More Financial Firms". New York, N.Y., United States: Wall Street Journal. Dow Jones & Company Inc. ISSN 0099-9660. Retrieved August 31, 2019.
- ^ Serwer, Andy (September 18, 2006). "The legend of Robin Hood". Fortune. Retrieved October 29, 2010.
- ^ White, Ben; Wighton, David (December 15, 2006). "The Disarming Banker". No. Investment Banking. Financial Times. Nikkei. Retrieved August 30, 2019.
- ^ Lorey, Andrew (March 1, 2010). "Kennedy School Receives $5 Million Gift to Support New Fellowship". United States: The Crimson. The Harvard Crimson. Retrieved September 1, 2019.
- ^ a b c "Gift launches fellowship fund". No. News & Announcements. United States: The Harvard Gazette. Harvard. February 26, 2010. Retrieved October 29, 2010.
- ^ McCafferty, Molly; Tumey, Jania (August 18, 2019). "Harvard Kennedy School Donor Glenn Dubin Implicated in Epstein's Alleged Sex Ring, Unsealed Filings Allege". United States: The Crimson. The Harvard Crimson. Retrieved September 1, 2019.
- ^ "Eva Andersson-Dubin, MD and Glenn Dubin's donation establishes Dubin Breast Center". The Mount Sinai Medical Center. Retrieved October 29, 2010.
- ^ a b 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.
{{cite news}}:|archive-date=/|archive-url=timestamp mismatch; July 4, 2012 suggested (help) - ^ "The Michael J. Fox Foundation for Parkinson's Research - Board of Directors". The Michael J. Fox Foundation for Parkinson's Research. MJFFfPR. May 8, 2008. Archived from the original on June 8, 2012. Retrieved August 29, 2019.
{{cite web}}:|archive-date=/|archive-url=timestamp mismatch; May 13, 2011 suggested (help) - ^ Spezzati, Stefania; Wilson, Harry (July 25, 2019). "Jes Staley's Ties to Jeffrey Epstein Are Latest Headache at Barclays". No. Wealth. United States: Bloomberg News. Bloomberg L.P. Retrieved September 2, 2019.