Glenview Capital Management, the long-short hedge fund firm led by Larry Robbins, is on track for its best annual performance in half a decade after posting another strong gain in August, according to a report by Institutional Investor.
The report cites an unnamed source familiar with the matter as revealing the the firm’s flagship Glenview Capital Partners fund was up 3.5% last month, pushing its year-to-date gains to 17.46%.
Glenview saw particularly strong first quarter performance, surging 16.6%, and has seen a modest rise of less than 1% since then. With four months left in the year, Glenview is poised to match, or potentially surpass, its 2023 performance, and could even get close to the 26.2% return it achieved in 2019.
The concentrated Glenview Opportunity fund has kept pace with the flagship fund, gaining 3.45% in August and 17.2% through the first eight months of 2024. Glenview’s small healthcare-focused fund meanwhile, has risen by 1.5% in August and 19.1% year-to-date, according to the same investor.
