Glenview Hedge Fund Scraps NYC Investor Event Over Coronavirus

(Bloomberg) -- Larry Robbins’s Glenview Capital Management canceled a conference for investors in New York because of the coronavirus, joining a long list of companies changing plans as the contagion spreads.

The “growing number of travel restrictions put in place by financial institutions” also contributed to the decision, the hedge fund firm said in an investor letter seen by Bloomberg News. The event was scheduled for April 22 and may be rescheduled for later in the year.

Goldman Sachs Group Inc. canceled its global partners’ meeting in New York earlier this month and Morgan Stanley said it will convert its 10th annual Hong Kong Investor Summit into a virtual event instead of holding it at the firm’s offices next month.

Glenview, which manages about $7.1 billion, planned the event to thank investors, discuss the portfolio and future growth plans as the firm’s 20th anniversary approaches.

A spokesman for New York-based Glenview, which focuses predominantly on equity markets, declined to comment. The firm posted a 51% gain last year in its opportunity fund.

To contact the reporters on this story: Suzy Waite in London at swaite8@bloomberg.net;Melissa Karsh in New York at mkarsh@bloomberg.net

To contact the editors responsible for this story: Sam Mamudi at smamudi@bloomberg.net, Alan Mirabella, Peter Eichenbaum

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