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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR