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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...