Hedge Fund Manager Shakerchi Loses Shirt At Poker Table

May 16 2013 | 11:40am ET

A British hedge fund manager would no doubt like to forget his night at the poker table last weekend. But having lost £850,000 (US$1.4 million), it's unlikely that Talal Shakerchi can.

The Meditor Capital Management founder has had some pretty good luck at the game, with more than £1 million in live-tournament winnings over the last several years. But that luck came to a spectacular end in Monaco during a €500,000 (US$645,000) buy-in game at the site of the European Poker Tour finals.

Playing alongside five others, including four top poker pros, Shakerchi lost his entire buy-in, and then some, leaving the table down £850,000. "Talal seems very unlucky and running very bad—can't seem to win a hand," an observer, who was live-tweeting the finals, wrote.

Despite the huge loss, the hedge fund manager, who is believed to be worth about £100 million, was heard to say, "Goodbye. See you guys tomorrow," when he left the table at 5:30 a.m.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note