Wall Street Wonderland

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Tuesday, August 08, 2006

Hedge Fund Manager Scores at World Series of Poker


Former Hollywood talent agent Jamie Gold kept his lead Monday at the World Series of Poker, wiping out two players in the space of an hour and amassing a chip stack almost twice the size of his nearest competitor's. Gold, a 36-year-old Malibu, Calif., resident, nearly doubled his stack to 13 million in chips by the end of play Monday. In second was Erik Friberg, a 23-year-old online poker pro from Sweden, with 7.7 million.

David Einhorn, a 37-year-old hedge fund manager from New York leaped into third with 6.9 million after winning a massive three-way all-in pot.

"I'm playing for charity," Einhorn said, as players' jaws dropped around him. "The Michael J. Fox Foundation. Anything I win goes to that. My grandfather had Parkinson's. I'm on the board of the charity, and Michael said if I make it to the final table, he'll fly out."

Later Einhorn jumped into second place after winning a three-way all-in pot for about 7 million in chips.

With the board showing a queen of spades and a five and nine of clubs, Einhorn held an ace and queen for the top pair. Rob Berryman was hoping to hit a flush with an eight and seven of clubs, while William Thorsson held just a king and jack.

The last two cards were both aces, giving Einhorn a full house and a great chance of making the final table of nine, which begins play Thursday.

http://www.kfmb.com/sports/story.php?id=59146

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