Larry Robbins, founding father of the $2.3 billion hedge fund Glenview Capital Administration, is about to maneuver his household from New York to Florida. Regardless of relocating his private life, his work operations stay in New York.
Working underneath Glenview’s three-day in-office coverage, Robbins will commute to Manhattan from his new residence in Florida. Nonetheless, his major workspace continues to be his Alpine, New Jersey dwelling.
The Robbins household will initially settle in an impressive mansion in Palm Seaside Gardens, Florida, whereas their Hobe Sound residence is underneath building. Predominantly pushed by his kids’s latest admission into the esteemed Benjamin College.
Robbins asserts this relocation isn’t motivated by monetary or political causes however is slightly a family-oriented determination.
Robbins’ twin residency: A household and enterprise determination
Expressing concern for New York’s socio-economic implications of wealth migration, he affirms his twin residency as a dedication to supporting the town and its needy residents.
The strategic shift doesn’t affect Glenview Capital Administration’s 53 workers. The agency has expanded with a smaller department in Palm Seaside Gardens, signaling positivity with a 16.6% revenue surge within the first quarter.
Moreover, Robbins, in collaboration with the Palm Seaside North Athletic Basis and NHL legend Wayne Gretzky, is heading a $40-million ice hockey mission. It displays his perception in nurturing native expertise, sustaining strong group involvement, and fostering public-private collaboration.
Robbins’ efforts additionally lengthen into a brand new hockey enterprise. This initiative, primarily funded by Robbins, leases eight acres of parkland to assemble sports activities services and develop group packages. It signifies his dedication to not solely native youth but in addition showcases modern use of public area that encourages group engagement.
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