Friday, 19 September 2014
Last updated 1 hour ago
Jul 12 2011 | 12:31pm ET
David Einhorn won't be winning any kind of World Series this year.
The Greenlight Capital founder, who is in talks to buy a minority stake in baseball's New York Mets—a longshot if there ever was one to win the sport's World Series—was eliminated from the World Series of Poker in Las Vegas yesterday. Einhorn came in 18th in the event five years ago.
The hedge fund manager was among the 4,521 of the 75,672 entrants to survive the first day of the event, which has a $10,000 buy-in. But despite ending day one with 94,400 chips—better than twice as many as the average survivor—Einhorn's WSOP ended, along with those of about 1,200 others, including defending champion Jonathan Duhamel.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.