The Renaissance Technologies Corp. Executive was anticipating the annual hedge-fund poker tournament that evening at New York’s St. Regis hotel benefiting Math for America, which supports math and science teachers. Role of poker playing in hedge fund circles has also been highlighted by a variety of popular movies and books, such as the Wall Street Poker Night Tournament, as described in the Introduction of “The Quants” ( Patterson, 2010) and hedge fund manager fund managers who played in Molly’s.

2019

Hedge Fund Hold’em

Yan Lu , Sandra Mortal, and Sugata Ray

Some of the biggest hedge fund titans will face off at the poker table on Wednesday night in New York City at the tenth annual Take 'Em To School poker tournament. The event benefits Education. For someone who is an investor and Hedge Fund Manager like Dan Shak, $10,000 poker tournament buy-ins are peanuts to the millions that hes been gambling on in gold futures. 'Must use poker winnings to buy more gold!' There's an inside joke among poker media that sometimes Shak randomly set up his laptop in the pressbox during tournaments.

A fun recent study revealed that hedge fund managers who perform well in poker tournaments tend to outperform in investing. Investors allocate more money to managers after they win tournaments. Paradoxically, managers who win in poker go on to perform worse after the tournament. This appears to be due mostly to diseconomies from the high level of inflows.

The main implication from the study is that it’s best to invest in hedge fund managers who are secretly good at poker. Once the public realizes that they’re good they tend to be flooded with money and go on to underperform.

Bill Perkins in 2015
Born	February 2, 1969 (age 51)
Alma mater	University of Iowa (BS)
Occupation	Hedge fund manager, film producer, poker player

William O. Perkins III (born February 2, 1969) is an American hedge fund manager, film producer and high stakes poker player from Houston, Texas.^[1]^[2] Perkins focuses on venture capital and energy markets. He founded Small Ventures USA, L.P in 1997 and later joined Centaurus Energy in 2002. He currently manages Houston-based energy hedge fund, Skylar Capital.^[3]

Perkins grew up in Jersey City, New Jersey the son of football player and politician Bill Perkins and graduated from St. Peter's Preparatory School in 1986. In 2016, he contributed $1.5 million towards the construction of the William O. Perkins III '86 Athletic Center at his alma mater.^[4]

Hedge Fund Poker Tournaments

Career[edit]

Perkins graduated as Electrical and Electronics Engineer from the University of Iowa and worked under natural gas trader, John D. Arnold for several years before starting his own hedge fund. During his 12-year career, Perkins directed NorthernStar Natural Gas and was the CEO of Cutuco Energy Central America. Perkins actively traded the stock market turning a $1.25 million profit trading Goldman Sachs in September 2008.^[5] In 2009 Perkins became involved in film production, producing various films including After.Life (2009), Unthinkable (2010), and Cat Run (2011).^[6]

Poker[edit]

Perkins is a poker player and has entered multiple events including the World Series of PokerBig One for One Drop, PokerStars Big Game, PokerStars Caribbean Adventure and 'High stakes poker' as well as Poker Night On Wall Street.^[3]^[7]^[8] Perkins is friends with Dan Bilzerian and they are often seen together.^[9]

As of 2019, his total live tournament winnings exceed $5,400,000 of which $1,965,163 have come from his One Drop cash at the WSOP.^[10]

References[edit]

^'William Perkins - The PokerStars.net Big Game'. thebiggame.pokerstars.net. Retrieved July 5, 2015.
^'William O. Perkins III: Executive Profile & Biography'. BloombergBusiness. Retrieved July 5, 2015.
^ ^a^bLinette Lopez (June 29, 2013). 'This Is The Hedge Fund Manager That Knocked David Einhorn Out Of The World Series Of Poker'. Business Insider. Retrieved July 5, 2015.
^Ojutiku, Mak. 'St. Peter's Prep holds groundbreaking for $5.25 million athletic center', The Jersey Journal, January 21, 2016. Accessed November 3, 2016. 'The facility's namesake, William 'Guy' Perkins, who was also present at the groundbreaking, provided a $1.5 million donation for the facility. Perkins, a Jersey City native, played for the school's football team before he graduated in 1986.'
^Phillips, Michael M. (September 24, 2008). 'Trader Makes a Quick $1.25 Million on Rescue, Then Slams It'. Wall Street Journal. Retrieved July 5, 2015.
^Leydon, Joe (June 26, 2010). 'Review: 'Unthinkable''. Variety. Retrieved July 5, 2015.
^Pamela Maldonado (June 27, 2013). 'Millionaire Businessmen Take On the Poker Pros in the $111,111 One Drop High Roller Event'. PokerNews Global. Retrieved July 5, 2015.
^Linette Lopez (July 23, 2013). 'Six Brilliant Hedge Fund Managers Played In A Secret Poker Tournament Last Night'. Houston Chronicle. Retrieved July 5, 2015.
^Pempus, Brian (April 7, 2016). 'Dan Bilzerian, Bill Perkins Thinking Of Double-Or-Nothing Bets To Follow $1.2M Bike Ride Gamble'. CardPlayer. Retrieved April 5, 2017.
^'William Perkins 'Bill''. The Hendon Mob. Retrieved April 8, 2018.

Top Hedge Funds

External links[edit]

List Of All Hedge Funds

Bill Perkins on IMDb

How Hedge Funds Work

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Bill_Perkins_(businessman)&oldid=987726835'