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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Einhorn Remains Standing in Charity Poker Event

Jun 27, 2013
Jing Chen

Hedge fund manager David Einhorn is among one of many finance professionals remaining in this year’s World Series of Poker event.

Bloomberg reported that Einhorn, the founder and president of Greenlight Capital, is 42nd out of 108 remaining players in a $111,111 buy-in poker tournament that began Wednesday in Las Vegas. The tournament will benefit One Drop, an organization dedicated to fighting poverty worldwide by supporting access to water.

The winner of the tournament will go home with more than $4.8 million. eVestment previously reported that Einhorn donated the $4.35 million he won in last year’s tournament to Boston-based organization City Year, which works with public schools to reduce student dropout rates.

Las Vegas SHK Asset Management’s Dan Shak and Chicago-based Peak6 Investments’ Dan Perper are among those in the industry remaining in the tournament.

The veteran hedge fund manager is no stranger to the poker world’s biggest happening as Einhorn finished 18th in the World Series of Poker’s main event in 2006.

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