The story of how one hedge fund manager scored a blockbuster payday afterhours at the SALT Conference in Las Vegas. “We’re going to need more chips over here!”
|Michael Geismar (Photo by David Deal for AR in 2009)|
Michael Geismar’s blackjack run ended just after six o’clock on Friday morning with $410,000 in manila envelopes in cash sitting on a table at Café Bellagio in the namesake Las Vegas luxury hotel, right next to the plates of steak and eggs and glasses of ice water.
The co-founder and president of $4.6 billion managed futures firm Quantitative Investment Management couldn’t put the bundled $100 bills in his room upstairs because the safe was already full with about $300,000 in winnings from two nights