Larry Robbins, founder of the $2.3 billion hedge fund Glenview Capital Management, is set to move his family from New York to Florida. Despite relocating his personal life, his work operations remain in New York.
Working under Glenview’s three-day in-office policy, Robbins will commute to Manhattan from his new residence in Florida. However, his primary workspace continues to be his Alpine, New Jersey home.
The Robbins family will initially settle in a magnificent mansion in Palm Beach Gardens, Florida, while their Hobe Sound residence is under construction. Predominantly driven by his children’s recent admission into the esteemed Benjamin School.
Robbins asserts this relocation is not motivated by financial or political reasons but is rather a family-oriented decision.
Robbins’ dual residency: A family and business decision
Expressing concern for New York’s socio-economic implications of wealth migration, he affirms his dual residency as a commitment to supporting the city and its needy residents.
The strategic shift does not impact Glenview Capital Management’s 53 employees. The firm has expanded with a smaller branch in Palm Beach Gardens, signaling positivity with a 16.6% profit surge in the first quarter.
Additionally, Robbins, in collaboration with the Palm Beach North Athletic Foundation and NHL legend Wayne Gretzky, is heading a $40-million ice hockey project. It reflects his belief in nurturing local talent, maintaining robust community involvement, and fostering public-private collaboration.
Robbins’ efforts also extend into a new hockey venture. This initiative, primarily funded by Robbins, leases eight acres of parkland to construct sports facilities and develop community programs. It signifies his dedication to not only local youth but also showcases innovative use of public space that encourages community engagement.
