The first thing that came to my mind when finding out about this latest hedge fund scandal was the fact that I have discovered either the plotline for the latest Rob Schneider film or the sequel to
Eyes Wide Shut. I could not make this stuff up if I wanted to. Who needs the Hollywood writers?
Just base television programming and films on the daily events of Wall Street and Hedgefundistan, formerly known as Greenwich, Connecticut.
One of the world’s largest and most secretive hedge funds is ordering its traders to swallow female hormones in order to trade better according to court papers filed by the Equal
Employment Opportunity Commission. It is alleged that one of the top bosses at SAC Capital was upset at traders for being too aggressive in their positions and needed a more feminine
touch. According to the New York Post, one of the junior traders claimed that his boss demanded he take female hormone pills to help “erase his aggressive male ways so he could be more
effeminate in his trading style.” The hormones eventually caused the junior trader to start wearing dresses, avoid his wife’s advances and allegedly commence a sexual relationship with
Charles Gasparino of CNBC stated that the boss bragged he had developed a successful trading method based on being effeminate and that other traders ought to start using it too. The junior
trader, who I will keep nameless, filed a sexual harassment case against his boss claiming the pill wrecked his life and made him impotent with his wife.
I wonder if this female hormone thing will catch on? Can you picture Wall Street trading desks staffed with transvestites rather than MBA’s…The Birdcage meets Wall Street.
It would certainly make CNBC more entertaining.
Tharp Paul & Boyd Roddy Trading Places The New York Post October 11, 2007
Tharp Paul & Winter Jana Two in The SAC The New York Post October 12, 2007