Glenview soft-launches "no holds barred" fund


Glenview Capital Management, the $6.5 billion New York-based multistrategy firm, has soft-launched a new fund with the unusual characteristic of allowing firm founder and portfolio manager Larry Robbins complete flexibility around the portfolio's concentration, leverage and direction.

 Larry Robbins

Glenview Offshore Oppor-tunity Fund opened to a few outside investors on July 1 and is tentatively set to launch in early 2007. The fund might require a 3-year lockup and would require investor agreement to its open charter, but terms and conditions have not been finalized.

Glenview's flagship fund, Glenview Capital Partners, returned 15.65% in 2005 but