October 11, 2007

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Those Sexy Hedge Fund Traders

This story may actually be the strangest story I've ever read about the world of business and finance.

It was alleged that one of Cohen's top bosses at SAC [a huge Wall Street hedge fund] chided traders for being too aggressive - and that they must use a soft feminine touch to score in their trading pitches.

One junior trader claimed that the boss, Ping Jiang, a key producer at the big hedge fund, demanded that the young trader take female hormone pills to help erase his aggressive male ways so he could be more effeminate in his trading style.

Eventually, the hormones caused the junior trader to start wearing dresses, avoid his wife's touches altogether and allegedly begin a sexual relationship with his boss, the trader claims.

Posted at October 11, 2007 2:45 PM | Comments (0)


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