A senior trader, Andrew Tong, thought that junior traders were too aggressive. But where there is a problem, there is a solution - I'll let DealBreaker explain:
For those of you who don’t have Google alerts set up for “some pretty fucked up shit,” Andrew Tong, who was fired last year from the hedge fund, has accused Ping Jiang of sexual harassment that had Tong taking female hormones (which he bought on the black market) in order to reduce aggressiveness and make him more effeminate, and, in turn, a better trader. Additionally, there’s been talk of “sexual relations between two men.” Tong has also stated that the hormones caused him significant emotional and physical distress, as well as impotence.
You can also watch the video on CNBC about the story. Pretty screwed up, right?
Up in Stamford, SAC employees are flummoxed. Not by the accusations, per se, but the rationale behind them. "If taking female hormones actually helped you do your job, they would simply hire women here," one said. "But they don't.”
Umm, yes, because the senior guy was having sex with the junior one...
Anyway, I was a complete wuss when I was trading, I had no idea that style was in demand.