Greenlight Capital's David Einhorn and Meditor
Capital Management's Talal Shakerchi will be among the
participants at the World Series of Poker's charity tournament,
called The Big One for One Drop, at the Rio Hotel & Casino
in Las Vegas. One Drop is an organization devoted to improving
access to safe water.
The event, which requires a $1,000,000 buy-in,
start Sunday and go on for three days. The no-limit hold'em
contest is limited to 56 participants.
Any prize money Einhorn wins will go to the Robin Hood
Foundation, the non-profit organization dedicated to ending
poverty in New York City.
Einhorn came in 18th at the
World Series of Poker's main event in 2006, and won $4.3
million for coming in third at the first installment of the Big
One for One Drop event in 2012. He donated those proceeds to
City Year, a non-profit that helps at-risk youth graduate from
high school. Einhorn's participation in this year's tournament
was first reported by Bloomberg News.
The offshore version of Einhorn's flagship fund
finished May up 4.57% for the year, according to a report by
HSBC's private bank. That compares with a rise of 2.37% for the Absolute Return U.S. Equity
Index for the year through May. The fund's annualized
return through May stood at 17.23%.
Shakerchi's London-based Meditor announced that it
would return money to investors in its flagship long/short
equity fund in December. At the time, it had been running $1.6 billion and was up 15.82% through November. Since its
inception in 1998, the fund had generated a net annualized
return of 12.82%.
Announcing his fund's liquidation, Shakerchi had
said he would spend more time on philanthropy. Shakerchi has
won nearly $1.8 million in live tournaments including winnings
from five World Series of Poker events, according to a press release announcing new players in the
event. He also played in the event's first installment in
Jonathan Gasthalter, an external spokesman for
Greenlight with Sard Verbinnen & Co., declined to comment.
Meditor did not answer phone calls seeking a request for