David Einhorn was bounced From World Series of Poker when another hedge fund manager produced two aces to beat his ace jack combo.
Bill Perkins, the founder of Skylar Capital Management LP, used a pair of aces to eliminate hedge fund manager David Einhorn from a $111,111 buy-in charity tournament at the World Series of Poker.
Perkins, who started Houston-based hedge fund Skylar last year, ranks seventh after two days of playing the “One Drop High Roller” at the Rio All-Suite Hotel & Casino in Las Vegas. The no-limit Texas hold’em tournament probably will conclude tomorrow.
The event, with more than $4.8 million going to the winner, began two days ago with 166 entrants and is down to 26. Martin Jacobson, a 25-year-old poker professional from Stockholm, is the leader with 3.255 million chips, followed by poker pro Connor Drinan, who has 3.25 million. Perkins, 44, has 2.75 million.
Other players from the world of finance still alive are Richard Fullerton, president of RBF Capital LLC of Greenbrae, California, who is 14th with 1.7 million chips; Lawrence Greenberg, general partner of Boston-based Alydar Capital LLC, who is 16th with almost 1.6 million; and Dan Shak, founder of Las Vegas-based SHK Asset Management, who is 24th with 1 million.
Antonio Esfandiari, a poker pro who won the $18.3 million top prize last year when the charity event included a $1 million buy-in, is fifth with just under 3 million chips.
After Einhorn, of Greenlight Capital Inc., moved all-in, Perkins called, yelling “Leeeroy Jeeenkins!” according to WSOP.com. It was his version of an Internet meme popularized in 2006 from the video game “World of Warcraft,” in which a group of players carefully planned an attack scheme only to have one character, Leroy Jenkins, ruin it by recklessly rushing into action while shouting his name. Perkins was more successful last night, turning over a pair of aces to best Einhorn’s ace-jack combination. Einhorn finished in 72nd place.
This is the 47th of 62 poker tournaments that make up this year’s World Series, which concludes with the $10,000 buy-in No-Limit Texas Hold’Em World Championship, known as the main event.
A portion of buy-ins from this event and a $1,111 buy-in event later in the World Series are set aside for One Drop, the non-profit started by Cirque du Soleil founder Guy Laliberte that strives to make water accessible to people around the world.