Sunday, 1 February 2015
Last updated 1 day ago
Jul 1 2013 | 1:21am ET
A fellow hedge fund manager has ensured that David Einhorn will not repeat his performance at the 2006 World Series of Poker.
Skylar Capital Management found Bill Perkins ousted Einhorn from the “One Drop High Roller” charity tournament on Friday. The competition is one of 62 that make up the WSOP, and features a $111,111 buy-in and $4.8 million prize for the winner.
Perkins used a pair of aces to bust Einhorn, yelling “Leeeroy Jenkins” when the Greenlight Capital founder went all-in. The phrase was popularized by the videogame “World of Warcraft” and refers to a character who recklessly runs into action while shouting his name.
Einhorn, who finished in 18th place in the 2006 WSOP and who last year finished third in the richest poker tournament in history, finished in 72nd place.
In addition to Perkins and Einhorn, SHK Asset Management founder Daniel Shak also participated in the charity tournament, held in Las Vegas.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…