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[這篇文章最後由rainbow在 2007/10/15 03:19pm 第 4 次編輯]t
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http://www.nypost.com/seven/10142007/news/regionalnews/hormone_guys_new_sex_claim.htm pTD>e@
'HORMONE' GUY'S NEW SEX CLAIM HpL$D
By SUSAN EDELMAN%t~G@F
The New York PostK:
October 14, 2007 -- A junior trader suing one of the world's biggest hedge funds, claiming a boss forced him to take female hormones, also says he was the victim of a sexual assault at work, sources told The Post.
Andrew Tong has produced "scientific evidence to corroborate the traumatic events that form the basis of his claims" against SAC Capital Management, said his lawyer, Gerry Filippatos.
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Filippatos refused to discuss the alleged assault or Tong's other claims, but said the evidence includes "medical reports."
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While the police were never called, the Equal Employment Opportunity Commission is investigating Tong's claims of harassment, discrimination and retaliation, Filippatos said.
Tong, 37, claims in his Manhattan Supreme Court suit that his boss, top trader Ping Jiang, 41, ordered him to swallow estrogen pills and to wear women's clothing at work to "feminize" and supposedly make him a more successful trader.
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SAC spokesman Jonathan Gastelder flatly dismissed Tong's charges, including the sex-assault allegation, as "scurrilous" and "false."
Additional reporting by Kathianne Boniello
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http://www.nypost.com/seven/10122007/business/two_in_the_sac.htm a
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TWO IN THE SAC-4K5!
FEDS PROBING HEDGE FUND HORMONE CHARGES/fR@3>
By PAUL THARP and JANA WINTER&*!
October 12, 2007 -- The dirty little scandal at Wall Street's richest hedge fund apparently isn't going away - feds are now investigating allegations that a trader was forced to gulp female hormones to do his job better.
According to court papers filed yesterday, the federal Equal Employment Opportunity Commission has a case underway to get to the bottom of tawdry accusations rattling powerful hedge fund SAC Capital, run by billionaire Steve Cohen.
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The scandal erupted publicly Wednesday after a trader there claimed in a Manhattan Supreme Court lawsuit that his boss forced him to take female hormones - and also to wear articles of women's clothing at work - all of which eventually led to an alleged sexual relationship between the men, one of whom is married.
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The bizarre behavior was ordered by the boss, it was alleged, to eliminate the trader's aggressive male attitude so he could become a more obedient and detail-oriented player in the $2 trillion hedge fund world.
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Now new details have surfaced about the pair and how they climbed to the top.
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The trader, Andrew Tong, 37, had studied for his doctorate in computer science at Columbia University, and his boss, Ping Jiang, 41, also was a computer brainiac who pioneered the use of computer-run "macro trading," which hedge funds wield to move global markets in just seconds.
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They met nine years ago as young traders at Lehman Brothers, and moved on to other top firms over the years, all the while remaining friendly and occasionally socializing. They reunited a year ago at SAC.
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Tong, who was fired from SAC after his allegations were filed, remained in seclusion with his wife in their swank condo tower in Newport Center in Jersey City.
Jiang still runs SAC's computer trading at its Madison Avenue offices where he supervises a half-dozen others. Jiang is said to be the second-most successful producer and earns as much as $150 million a year.
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Those who know Jiang say they're stunned.
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"He was a very bright, quiet loner," said a former Lehman executive now at a rival hedge fund, describing him as "an aggressive trader who liked to take big positions." Another ex-Lehman exec who worked closely with Jiang said he had "never seen any [behavior] from Jiang that could possibly be related" to the claims.
"I think Jiang is a great trader and a bright guy whose strategy might have rubbed [Tong] the wrong way, but the most successful people in hedge funds are intense and single-minded."
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Colleagues milling outside SAC's sprawling headquarters campus in Stamford Conn., were puzzled by the tale.
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One said it didn't make sense to hand out female hormones to enhance skills. "If taking female hormones actually helped you do your job, they would simply hire women here," the employee said. "But they don't. They don't think women are aggressive enough."
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They said SAC brass were furious about the allegations, first reported on CNBC.
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"The big bosses were livid. They went desk to desk to try and find out who leaked it. It was like a witch hunt," said one employee.
Lawyers for SAC and Jiang called the allegations "salacious and false," while Tong's lawyer say the allegations are "neither salacious nor false."
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TRADING PLACES!Yl<-
TRADER: SAC MADE ME TAKE FEMALE HORMONESY7u@P
By PAUL THARP and RODDY BOYDCl
October 11, 2007 -- One of the world's richest and most secretive hedge funds is telling its traders to swallow female hormones to trade better, a lawsuit claims.
The bizarre twist on how to get wealthy fast swept across Wall Street's trading desks amid ribald laughter and groans after revelations yesterday of the shocking claims involving SAC Capital.
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The firm, a powerful $10 billion hedge fund, is run by superstar trader Steven A. Cohen, one of Wall Street's most prolific players who regularly takes home $500 million a year.
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It was alleged that one of Cohen's top bosses at SAC 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.
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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.
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Details of the case, disclosed yesterday by Charlie Gasparino on CNBC, claimed 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.
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The method apparently worked for Jiang, who's listed by Trader Monthly magazine as one of Wall Street's top 100 traders, with estimated income of $100 million a year.
The junior trader, identified as Andrew Z. Tong, 37, filed a sexual harassment case against his boss, said CNBC. The case claimed the hormone pills wrecked his life, and also made him impotent with his wife, who wanted to have a baby.
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Tong said that when he was instructed by Jiang to start taking an unspecified dosage of the pills to improve his trading, Tong had to search the illegal black market to find his hormone pills, the report said.
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According to a court filing, Tong and Jiang met in 1998 as traders at Lehman Brothers. Tong left after three years but stayed in touch.
Although Tong sued his boss in New York State Supreme Court hoping to get publicity, a judge sealed the papers and transferred the weird tale to arbitration where both sides would slug it out privately, the report said. Tong was hired at a base salary of $250,000.
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The judge also canceled oral arguments that had been set for today after Tong's lawyers appealed for a gag on any public discussion of the case. The judge agreed that the weird tale was too salacious for the public to hear. CNBC didn't say how it obtained the allegations in the case.
SAC Capital and Jiang both denied the charges.
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"SAC conducted a thorough investigation and found these scurrilous accusations to be false," they said in a statement. "We will vigorously defend ourselves and are confident that these claims will be swiftly rejected in arbitration.
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The CNBC report said Tong was terminated by SAC in April 2006 after working there for a year.
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Sources close to the firm said he was fired for cause, but others claimed Tong was forced out of the firm after his complaints. [email protected]!5^b>i
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2007/10/15 02:13am 
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