Wednesday, 1 April 2015
Last updated 8 hours ago
Jul 5 2012 | 10:33am ET
Greenlight Capital's David Einhorn made a very respectable showing indeed at the richest poker tournament in history.
Einhorn finished third out of the 48 entrants in the $18 million jackpot tournament, which featured a $1 million buy-in. The hedge fund honcho made it to the last table, beginning there in sixth place on Tuesday. When he busted that evening, he left just two professional players at the table, one of whom, Antonio Esfandiari, won $18.35 million—and busted Einhorn.
As for Einhorn's $4.35 million in winnings, he said he would donate the money to charity.
"It was fun," Einhorn said of the Las Vegas event. Many of the 48 entrants "have lots and lots of experience, and then they invited a few guys like me in, and said, 'Let's have a poker party.' And I honestly think this is almost designed to have a great summer vacation."
Einhorn himself is not without World Series of Poker experience, having place 18th in the tournament in 2006 and having played last year. Tuesday's winning were his largest-ever at a poker table.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…