Glenview Capital Lost $2 Billion in Assets in About Nine Months
- Most of the redemptions are said to come from long-only fund
- Clients pulled money from free fund that started charging fees
Larry Robbins
Photographer: Andrew Harrer/Bloomberg
This article is for subscribers only.
Glenview Capital Management lost about $2 billion in assets in less than a year as investors fled a fund that began charging fees after it was initially free.
The hedge fund firm founded by Larry Robbins managed $7.7 billion as of March 1, according to a regulatory filing, down from $10 billion in June of last year. At its peak in 2017, the firm ran about $12 billion.