Sunday, 26 October 2014
Last updated 1 day 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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