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Glenview Capital Management Review

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Glenview Capital Management, LLC

Glenview Capital Management, LLC

Glenview Capital Management, LLC (GCM) is a large hedge fund with nearly $12.8 billion in assets under management (AUM). The New York-based firm has a collection of 39 on-staff financial advisors to handle the funds under its control.

Glenview only works with funds and institutional clients. If you’re an individual looking to work with a local financial advisor, SmartAsset’s advisor matching tool can help you find appropriate options near you.

Glenview Capital Management Background

Larry Robbins, Glenview Capital Management’s CEO, founded the firm in 2000. Robbins is a well-known hedge fund manager who has spent more than 30 years in the finance and investment industries. Robbins is also the principal owner of Glenview, and is responsible for all investment, management and operations decisions.

What Types of Clients Does Glenview Capital Management Accept?

Glenview Capital Management is a hedge fund, so rather than work with clients in the traditional sense, it manages private investment funds that investors can buy into. According to its Form ADV, the firm has eight funds under its control, as well as a separately managed account (SMA).

Although Glenview doesn’t directly manage their assets, a wide range of investors may invest in their funds. These include high-net-worth individuals, pension plans, charitable foundations, endowments, fund-of-funds, sovereign wealth funds, family offices, investment companies and trusts.

Glenview Capital Management Minimum Account Size

The minimum account sizes at Glenview Capital Management vary from fund to fund. Here’s a general overview:

  • Glenview Funds: $1,000,000
  • Opportunity Funds: $5,000,000
  • GCM Equity Funds: $15,000,000

GCM Investment Partners, LP is a private investment fund open solely to principals, partners and employees of Glenview, as well as a select few other individuals. For this, the minimum investment is $10,000.

Services Offered by Glenview Capital Management

Glenview Capital Management is purely centered around the investment needs of the funds that it manages. To do this, the firm creates specific investment strategies tailored to induce the returns that that particular fund is looking for. These strategies are monitored on a regular basis, as the firm is open to changing its approach based on shifting market characteristics or other conditions.

Glenview Capital Management Investment Philosophy

On a general level, Glenview Capital Management looks for three main factors in any company it considers investing in:

  • It has fundamental characteristics that are both known and knowable.
  • Its value compounds annually at a rate within the mid-teens or higher.
  • Its equities are at an attractive price in comparison to earnings, cash flow and overall growth and company quality.

As you might expect, each of Glenview’s funds utilize a distinct investment strategy.

  • The Glenview Funds are centered around equity and fixed-income investments that are chosen through a bottom-up, fundamental research process.
  • The Opportunity Funds utilize a purely opportunistic approach in order to find shorter-term deals on the market. There is very little restriction within this strategy.
  • The GCM Equity Funds unsurprisingly invest in equities of companies with a market capitalization over $10 billion.

Fees Under Glenview Capital Management

Despite its somewhat complex nature, the fee schedule at Glenview Capital Management is fairly straightforward. Fees are based on a percentage of each fund’s AUM, and while the table below shows annual fee rates, the firm charges them each quarter. Investors in the funds, on the other hand, must pay through a direct withdrawal on a monthly basis.

Glenview Capital Management Fund Fees
Fund(s) Annual Fee Rates
Glenview Funds 2.00%
Opportunity Funds 2.00%
GCM Equity Funds 1.00%

What to Watch Out For

Glenview Capital Management is a hedge fund, so it does not have financial planning services like retirement planning, estate planning or tax planning. If you’re interested in these services, or if you're looking for an advisor to manage your investment portfolio, stop by our financial advisor matching tool to find advisors in your area.

Disclosures

Glenview Capital Management’s legal and regulatory record is clean, as its Form ADV is devoid of all disclosures.

Opening an Account With Glenview Capital Management

To find out more about Glenview Capital Management, call the firm at (212) 812-4700. Glenview does not have a website, so this is the only way to reach the firm.

Where Is Glenview Capital Management Located?

The headquarters of Glenview Capital Management is in New York City at 767 Fifth Avenue on the 44th floor (at the Southeast corner of Central Park). It does have a second office, though, in Silver Spring, Maryland at 8403 Colesville Road, Suite 1100.

Tips for Your Investment Portfolio

  • Before you invest your hard-earned money in the market, a financial advisor might be worth looking into. Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • One of the most important things to remember about investing is that you’ll need to pay taxes on your returns. If you're unsure what your tax bill will look like, try SmartAsset’s capital gains tax calculator.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research