Glenn Russell Dubin was born to a Jewish middle-class family in the Washington Heights section of upper Manhattan, New York. He is the oldest son of Harvey and Edith Dubin. His father was a taxi driver who later worked in dress manufacturing.[4] His mother emigrated to the United States from Austria and worked as a hospital administrator.[5]
Dubin attended public school at Washington Heights's P.S. 132 and received a bachelor's degree in economics from Stony Brook University, where he was a member of the school's football team and lacrosse club.[6] In May 2012, he was the keynote speaker at Stony Brook University's commencement and received an honorary degree of Doctor of Letters for his contributions to finance and philanthropy.[7]
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 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.[21][22]
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.[23][24] Dubin has served on the board since its founding, is a former board chair,[25] 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.[26] He had formed a relationship with the school two years earlier while speaking before the school's students.[27] The fellowship provides tuition for up to ten students each year.[26] Dubin also serves on the Kennedy School's Dean's executive committee.[28]
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.[29] In 2015, the Dubin family donated $5 million toward the creation of Stony Brook University's Indoor Training Facility, which opened in 2020.[30][31]
On April 19, 2012, Dubin and Andersson-Dubin signed The Giving Pledge, created by Bill Gates and Warren Buffett.[33] The commitment of the pledge is to give away at least 50% of their wealth to charity within their lifetimes.[33][4]
In 2024, Dubin and Andersson-Dubin gave $10 million to the New York Climate Exchange.[34][35][36]
There are several connections between Dubin and Jeffrey Epstein. Epstein invested millions in Dubin's hedge fund and helped JPMorgan acquire Dubin's firm.[39] Epstein dated Dubin's wife for nearly a decade starting in the 1980s. Epstein was the godfather of Dubin’s children.[39] The Dubins maintained their friendship with him after his arrest for sex trafficking in 2006. In testimony in Virginia Giuffre's 2015 civil suit against Ghislaine Maxwell, Giuffre testified that Maxwell instructed her to "have sex with Glenn Dubin" and others, but did not say that she did.[40]
↑ Wachtel, Katya (June 15, 2011). "Meet Obama's New Best Friends". Business Insider. United States. Archived from the original on January 2, 2020. Retrieved January 1, 2020.
↑ Guerrera, Francesco; Rathbone, John (October 26, 2010). "JPMorgan Inks $6bn Brazil Hedge Fund Deal". Banks. Financial Times. New York, N.Y., United States. Archived from the original on August 29, 2019. Retrieved August 30, 2019.
↑ McCrum, Dan; Blas, Javier (October 3, 2012). "Louis Dreyfus to sell energy trader". Financial Times. New York, N.Y., United States. Archived from the original on August 11, 2019. Retrieved August 29, 2019.
↑ White, Ben; Wighton, David (December 15, 2006). "The Disarming Banker". Investment Banking. Financial Times. Archived from the original on August 30, 2019. Retrieved August 30, 2019.
1 2 3 "Gift launches fellowship fund". News & Announcements. The Harvard Gazette. United States. February 26, 2010. Archived from the original on August 29, 2019. Retrieved October 29, 2010.
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