Einhorn falls to rival hedge fund manager in high rollers poker tourney

By Rob Copeland

Fri Jun 28, 2013

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Bill Perkins of startup Skylar Capital Management defeats high profile bretheren with pocket aces.

   Bill Perkins Skylar Capital
  Bill Perkins
Bill Perkins, founder and chief investment officer of energy hedge fund Skylar Capital Management, took down Greenlight Capital founder David Einhorn at the "One Drop High Rollers No-Limit Hold 'em" poker tournament in Las Vegas, according to a recap at wsop.com.

Perkins' pocket aces bested Einhorn's ace-jack midway through the second day of play.

Excitement overtook the Texas-based Perkins when he realized he had Einhorn on the ropes. Perkins screamed out "Leeeroy Jeeenkins!" a reference to a viral video of players planning an attack in fantasy video game World of Warcraft that is upended by one player, Leeroy Jenkins, who runs screaming into battle.

The official recap also noted that Perkins "jubilantly celebrated" after taking down poker pro Tobias Reinkemeier.

Before the start of today's play, Perkins was number seven of 26 competitors remaining, virtually guaranteeing he will end up "in the money," in poker parlance. The top 24 players will take home at least their $111,111 investment, with prizes rising progressively to a top payday of $4.8 million.

Skylar, which started in October, managed $105 million as of the start of the year, according to the latest Absolute Return new funds survey. Perkins was formerly a founding trader at billionaire John Arnold's Houston hedge fund firm Centaurus Advisors, which closed in 2012 when Arnold retired following a phenomenal 10-year run.

See also: Hedge fund and poker pros go heads up in Vegas I Bridgewater's Jensen donates poker winnings I Pine River plays poker for Robin Hood

ISSN: 2151-1845 / CDC10004H

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