Glenn Dubin, a legendary investor and co-founder of Highbridge Capital Management, shares his inspiring journey from a modest upbringing in Washington Heights to becoming a titan in finance. He discusses the strategic vision behind Highbridge's multi-strategy approach and his transition to running his family office, Dubin & Co. Glenn emphasizes the importance of risk management and mentorship in leadership. He also reflects on philanthropy, co-founding Robin Hood, and the emerging trends in investing, highlighting his passion for building and supporting innovative ventures.
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question_answer ANECDOTE
The 30 Interviews That Launched His Career
Glenn hunted 30 Wall Street interviews after college and was rejected 29 times before EF Hutton hired him into a training program.
He misheard the $1,000 monthly pay and accepted immediately, marking his start on Wall Street.
question_answer ANECDOTE
From Brokers To Fund-Of-Funds Founders
Glenn and childhood friend Henry Swieca left broker roles to start Dubin & Swieca, allocating client capital to third-party managers.
They used modern portfolio theory to build a fund-of-funds and gathered over $1 billion in assets by the early 1990s.
insights INSIGHT
Process Over Star Traders
Highbridge was built as a multi-strategy hedge fund using internally managed, uncorrelated strategies to reduce volatility and boost returns.
They focused on process-oriented strategies like convertible arbitrage to create durable, repeatable alpha.
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This Tuesday, I had the privilege of sitting down with Glenn Dubin, someone I consider a friend and mentor. Glenn is a legendary investor and entrepreneur who built one of the most successful hedge funds of this era. As the co-founder of Highbridge Capital Management, Glenn played a pivotal role in shaping the modern hedge fund industry, pioneering a multi-strategy investment approach that set new standards for risk management and performance.
Glenn began his career after graduating from Stony Brook University, starting out as a floor broker before venturing into proprietary trading. In 1992, he co-founded Highbridge Capital Management with childhood friend Henry Swieca, growing it into a global powerhouse. The firm was later acquired by JPMorgan Chase, marking one of the most significant deals in hedge fund history. Glenn currently runs his family office, Dubin & Co, building and investing in the most innovative and interesting businesses across industries in the 21st century.
Beyond investing, Glenn has been deeply involved in philanthropy and healthcare innovation, supporting medical research and education through the Dubin Family Foundation. He is heavily involved in Modern Art, serving as a trustee of the MOMA alongside our former guest Steve Cohen. His disciplined approach to markets, leadership, and risk-taking has made him a widely respected figure in finance.
In this episode, we explored Glenn’s journey from the Washington Heights to leading a billion-dollar fund, his views on leadership, economic tailwinds, and building a durable business, as well as his advice for those looking to succeed in today’s financial landscape.
Here are links to materials mentioned in the podcast:
Highbridge HBS Case Study: https://hbsp.harvard.edu/product/OB77-PDF-ENG
Invest Like The Best with Alex and Matt: https://podcasts.apple.com/us/podcast/matt-perelman-alex-sloane-the-art-of-franchise-investing/id1154105909?i=1000673134417
Acquiring Minds with Jordan Dubin: https://acquiringminds.co/articles/jordan-dubin-guild-garage-group
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