12 Stocks Billionaire Larry Robbins Just Bought and Sold
In this piece, we will take a look at the 12 stocks that billionaire Larry Robbins just bought and sold.
Prior to founding Glenview Capital in February 2001, Larry Robbins was a trader at Leon Cooperman’s Omega Advisors. Larry Robbins’ Glenview returned 301% after fees and expenses between January 2001 and December 2010. Glenview Capital also returned 15.7% in 2010, performing better than average hedge funds and the S&P 500 index. Larry Robbins’ Glenview, once a$9 billion hedge fund, lost around half of its assets and underperformed the market in 2008. Asset losses and a poor performance made them lay off 12 employees right before Christmas that year. Glenview lost around 50% in 2008, but the bad days may be behind them now. The fund returned 82.7% in 2009.
