Saturday, 28 November 2015
Last updated 22 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…