THURSDAY MAY 01
SAC Capital: Freak Story Almost Dead?

After interviewing scads of what we can only assume were tube-top-clad, miniskirted, male employees at monster hedge fund SAC Capital, the Equal Employment Opportunity Commission has decided it will not champion the cause of a trader there who’s alleging his boss forced him to take female hormones, causing him to wear dresses (which, as we understand it, had the unintended – though not entirely surprising – effect of putting a strain on his marriage) on the grounds that the charges were…well, just too weird. Touche, that last part’s not true. But the bit about the hormones and the dresses is. A bizarre tale about the lengths a fund (may or may not) go to in search of that ever-elusive alpha edge.

May 2008

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