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.