mong the ranks of self-made billionaires tracked by Forbes, few have shown the perseverance and knack for identifying profitable trends as hedge fund manager Glenn Dubin. Dubin, 66, grew up in New York’s Washington Heights at the northern tip of Manhattan, his father a taxi driver and his mother a hospital administrator. He attended public schools including the State University of New York at Stony Brook, where he played football and lacrosse.
Dubin was introduced to Jes Staley, then the CEO of JPMorgan Asset Management, by Jeffrey Epstein, whoreceived $15 million in fees from the acquisition. Dubin was a friend of the financier and accused sex trafficker but was never charged with any wrongdoing. The energy transition, where we truly transition away from fossil fuels to renewable fuels, is going to be a very bumpy ride.
As it relates to me, it totally opened my eyes to this new ecosystem of Silicon Valley five years ago. It reminded me very much of the hedge fund industry in the early ‘90s. You knew who the great hedge fund managers were. You knew that Stan Druckenmiller was head and shoulders above his peers. Paul Jones, you can go down the list of these iconic hedge fund managers, but it was a question of how do you get capital in their fund because they were closed.
That was kind of the first business I built, the fund of funds in the early to mid ‘80s. We built that business and in the late ‘80s, early ‘90s, we were running $1 billion of assets under management, which at the time was an extraordinary amount of money, and we felt very pleased with what we had built, and the investment returns and results for investors were fantastic.
good job👍