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For the second time during his life as a hedge fund manager (we’ll cover the first time as well, bear with me...), David Einhorn found himself in the limelight when news broke last week that “a hedge fund manager from New York leaped into third at the World Series of Poker with 6.9 million (in chips) after winning a massive three-way all-in pot.” Now, the World Series of Poker (WSOP) in Las Vegas isn’t an arbitrary low-key affair, but rather the game’s most prominent tournament.
Players’ jaws dropped around him when he declared “I'm playing for charity. The Michael J. Fox Foundation. Anything I win goes to that. My grandfather had Parkinson's. I'm on the board of the charity, and Michael said if I make it to the final table, he'll fly out."
At that day, cheers and pride were abundant in the global hedge fund community, since it was one of their peers who excelled twice – once as an extraordinarily talented poker player, and second as a man who contributes to great causes.
Einhorn said to Opalesque that he could “feel” a wave of “enormous” support the community was telegraphing and expressing in emails, comments or Bloomberg messages. He said the support was coming in a depth that he did not expect, and it was “highly inspiring”.
The next day in the tournament, as summarised by Cardplayer.com: “It just so happened that Einhorn almost made it to the final table. He entered the day with $6,905,000 in chips and had a real shot to win the whole thing a...................... To view our full article Click here
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