Einhorn Finishes Third In Richest Poker Tourney

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.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note