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David Einhorn Ousted in Poker Tournament

Jun 30, 2013
Jing Chen

Skylar Capital Management founder Bill Perkins has eliminated hedge fund manager David Einhorn from the World Series of Poker’s charity tournament.

Bloomberg reported that Bill Perkins used a pair of aces to oust Einhorn, the founder and president of New York-based Greenlight Capital, during the second day of the $111,111 buy-in tournament. The tournament will benefit One Drop, an organization dedicated to fighting poverty worldwide by supporting access to water.

The winner 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.

Some of the hedge fund industry professionals who remain in the tournament include Boston-based Alydar Capital’s Lawrence Greenberg and SHK Asset Management’s Dan Shak.

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