Career
Dubin began his career in finance as a retail stock broker at E. F. Hutton & Co. in 1978. At Hutton, Dubin worked with Paul Tudor Jones. [8]
In 1984, Dubin and his childhood friend Henry Swieca founded Dubin & Swieca Capital Management, [9] an early fund of funds that constructed multi-manager hedge fund portfolios guided by modern portfolio theory. In 2005, the firm was renamed Corbin Capital Partners, as Dubin and Swieca were no longer involved in its day-to-day management. The name reportedly originated from a Washington Heights intersection where the founders met when they were 5 years old. [10]
In 1992, Dubin and Swieca founded Highbridge Capital Management, an institutional alternative-asset management firm, with $35 million in capital. It is named after the aqueduct between Washington Heights and the Bronx. In late 2004, J. P. Morgan Asset Management—a division of JPMorgan Chase—purchased a majority interest in Highbridge for $1.3 billion. [11] [12] [2]
Between 2004 and 2007, Highbridge grew to over $35 billion in assets under management. [13] In 2006, Highbridge invested as a joint venture in Louis Dreyfus Group to increase their access to and control of energy delivery within trading markets. [12]
In July 2009, J. P. Morgan Asset Management completed its purchase of substantially all remaining shares of the firm. [2] After the purchase, Dubin remained Highbridge's chief executive. [14]
In October 2012, it was announced that Dubin, Paul Tudor Jones, and Timothy Barakett were among a group of investors buying the merchant energy operation then called Louis Dreyfus Highbridge Energy ("LDH Energy") and renamed it Castleton Commodities International, LLC. [15] [16]
In 2013, Dubin founded the quantitative-trading firm Engineers Gate Manager LP. [17] As of 2017, the company, along with Dubin's family office, was headquartered at Hudson Yards. [17]
In 2015, CCI acquired Morgan Stanley's Global Oil Merchanting business, creating one of the world's largest independent energy merchants. [18] Dubin was the non-executive chairman [19] and remains a member of the board of directors and the firm's lead shareholder. [20]
In late September 2019, weeks after Jeffrey Epstein died in jail, JPMorgan Chase filed a suspicious activity report which was later unsealed and released by a federal judge. The report flagged about 4,700 transactions totaling more than $1 billion, which were made by Dubin, Leon Black, Alan Dershowitz, and Leslie Wexner, among others. A spokesperson hired by the Dubins said the transactions were for charitable giving, personal gifts, or business matters. [21]
In January 2020, Dubin announced he was retiring from the hedge fund industry to focus on private investments and philanthropy through his family office, Dubin & Co. [22] [23]
Philanthropy
In 1987, Dubin was asked by his fellow hedge fund manager and friend Paul Tudor Jones to join him and Peter Borish in a venture philanthropy project Jones had conceived and started. The resulting Robin Hood Foundation has raised and granted more than $3 billion to fight poverty in New York City. [24] [25] Dubin has served on the board since its founding, is a former board chair, [26] and sits on the Jobs and Economic Security subcommittee.
In 2010, Dubin established the Dubin Fellowship for Emerging Leaders at the Center for Public Leadership at Harvard's Kennedy School with a $5 million gift. [27] He had formed a relationship with the school two years earlier while speaking before the school's students. [28] The fellowship provides tuition for up to ten students each year. [27] Dubin also serves on the Kennedy School's Dean's executive committee. [29]
In 2010, the Dubin family donated $4.3 million to Stony Brook University toward the creation of the Dubin Family Athletic Performance Center in the Stony Brook Indoor Sports Complex. [30] In 2015, the Dubin family donated $5 million toward the creation of Stony Brook University's Indoor Training Facility, which opened in 2020. [31] [32]
Dubin is a trustee of the Mt. Sinai Medical Center. [27] He and his wife, Eva Andersson-Dubin, funded the Dubin Breast Center of the Tisch Cancer Institute at Mount Sinai in 2010. [33]
On April 19, 2012, Dubin and Andersson-Dubin signed The Giving Pledge, created by Bill Gates and Warren Buffett. [34] The commitment of the pledge is to give away at least 50% of their wealth to charity within their lifetimes. [34] [4]
In 2024, Dubin and Andersson-Dubin gave $10 million to the New York Climate Exchange. [35] [36] [37]
Personal life
In 1987, Dubin married Elizabeth Saltzman, an associate editor at Vogue magazine. [40] The marriage ended in divorce. In 1994, Dubin married Eva Andersson, a physician. They have three children. [3] He first saw her on the New York Post's Page Six in a modeling photo. [4]
The Dubins live in Manhattan, owning from 2006–2016 in Jacqueline Kennedy Onassis's sprawling apartment on Fifth Avenue [41] and more recently in 2024 bought a 4,100-square-foot condominium for one of their grown daughters. [42] They also live part-time [43] in their Palm Beach, Florida home; [44] own the 7,000-acre Castleton Ranch in Colorado's Gunnison County; [45] and maintain residences in Westchester County, New York and Gothenburg, Sweden. [46]
Relationship with Jeffrey Epstein
There are several connections between Dubin and Jeffrey Epstein. Epstein invested millions in Dubin's hedge fund and helped JPMorgan acquire Dubin's firm. [47] Epstein had also dated Dubin's wife, Eva Andersson-Dubin, for nearly a decade starting in the 1980s, and was the godfather of Dubin’s children. [47] The Dubins maintained their friendship with Epstein after his arrest for sex trafficking.
In Virginia Giuffre's 2015 civil suit against Ghislaine Maxwell, Giuffre testified that Maxwell had instructed her to "have sex with Glenn Dubin" and others. [48] The Dubins' former household manager, Rinaldo Rizzo, also recounted in the released court documents an encounter in the Dubins' house with a 15-year-old girl who was allegedly trafficked by Epstein in 2005. Dubin denies the allegations made in both of these sworn testimonies. [49] [50]
