Wednesday, 1 October 2014
Last updated 10 hours 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.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...