Six renowned investment pros took part in a $50,000 buy-in poker tournament over the summer at the Borgata in Atlantic City and the event was filmed to be shown at a later date. That day is here as "Poker Night on Wall Street" airs tonight, October 23 on Bloomberg TV and on Bloomberg.com via livestream at 9:00 pm ET.
David Einhorn (Greenlight Capital), Bill Perkins (Skylar Capital), Mario Gabelli (Gabelli Asset Management), Steve Kuhn (Pine River Investments), Jim Chanos (Kynikos Associates), and John Rogers (Ariel Investments) are the players and the entire prize pool will be donated to charity, Business Insider reported.
If you tune in expecting to see a bunch of whales playing poor hole cards and throwing chip after chip into pots with hands that should have been folded long ago, better take a gandor at the Highstakes database. Einhorn has won over $5 million at WSOP events, while Perkins has eclipsed the $2 million mark.
Those two hedge fund pros have made names for themselves on the felt and charitable causes have benefited. Einhorn finished third in last year's $1 million buy-in Big One for One Drop and pocketed more than $4.3 million. He also registered an 18th place finish at the 2006 WSOP Main Event for $659,730. Both scores were donated to charity.
Perkins came in third in the Little One for One Drop for nearly $2 million in June and pulled down fourth place less than three weeks ago in London at the European Poker Tour's £48,500 Super High Roller for £290,100. He and Einhorn may have some bad blood between them as Perkins knocked the Greenlight Capital hedge fund pro out of a WSOP event in June.
Tune in tonight to see if Einhorn will settle the score. Also, the six players may reveal some successful investment strategies for use both on the felt and off.
