Posted by guest , Jun 12, 2008 3:03PM

Yes, BSD, you linked to the story. didn't provide any commentary, but good job with the cut and paste. you must have fast fingers.

Posted by guest , Jun 12, 2008 3:31PM

and the commentary is...?

Ping Jiang starts Tranny Hedge Fund
Posted by BSD, Jun 12, 2008, 12:23pm

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a22q9yJDNzUw

Jiang, Ex-SAC Trader Accused of Harassment, Starts Hedge Fund
By Saijel Kishan
June 12 (Bloomberg) -- Ping Jiang, the former SAC Capital Advisors LLC trader accused of workplace harassment by a former colleague, is seeking to raise about $500 million for his own hedge fund, and another $2 million for a new wardrobe, according to two people familiar with the matter (his lawyer and his personal shopper at Barney’s, who are in fact one and the same person off and on-estrogen, respectively).
Jiang started Ping Capital Management LLC at the end of April with his own and employees' money after he left Stamford, Connecticut-based SAC the month before, said the people, who asked not to be identified because the information is private (since said money was procured by standing on street corners in Chelsea). Jiang declined to comment, because he didn’t “have his face on” yet.
Jiang and SAC, run by billionaire Steve Cohen, were named in a complaint in New York State Supreme Court by Andrew Tong, who alleged discrimination and harassment based on his ``gender, sex, sexual orientation, race and national origin,'' according to court documents dated May 17, 2007. Judge Bernard Fried ruled the same day that Tong had to submit to arbitration because he agreed to do so when SAC hired him, just like he agreed to glaze himself and jump out of a cake for the Big Guy’s birthday party.
``A pending harassment case will probably be immaterial for many investors because it does not call into question the manager's fiduciary integrity, but rather only his sexual identity'' said Tammer Kamel, president of Toronto-based Iluka Consulting Group, which advises clients on investing in hedge funds.
Tong's appeal of Fried's ruling was heard on June 3 and a decision is pending, according to Gerry Filippatos, Tong's lawyer, who declined to provide further comment. Kathleen McKenna, Jiang's lawyer and personal shopper, didn't return calls and e-mails seeking comment. SAC spokesman Jonathan Gasthalter declined to comment.
Cohen May Invest
Ping Capital, which trades emerging-market bonds, currencies, commodities and equities, has about 16 employees working out of New York and Shanghai, said one of the people familiar with the matter.
Hedge funds are private, largely unregulated pools of capital whose managers can buy or sell any assets, get massages from allegedly underaged models, and make their employees wear drag in freezing-temperature trading torture chambers, bet on falling as well as rising asset prices and participate substantially in profits from money invested, but often committing seppuku if the money is lost.
Jiang, who has a doctorate in chemistry from Princeton University, was at SAC for about three years, where he was a global macro portfolio manager. He previously worked at Lehman Brothers Holdings Inc. as the head of proprietary trading in global currencies, bonds and commodities. Jiang had met Tong when they worked at the New York-based bank in the bathroom.
In his complaint, Tong said Jiang had a ``top secret training philosophy which was to include a program of strict confidentiality and the elimination of Tong's alleged personality flaws by requiring him to wear certain kinds of clothing at work,'' according to the court papers.

Posted by guest , Jun 12, 2008 3:35PM

BSD thats hilarious. You did beat her.

Also, 3:31, are you blind or just a functional illiterare?

give me a ping, vasili?

Posted by guest , Jun 12, 2008 3:39PM

he "beat" her by linking to a story that was already on bberg (though, who knows when bess or bsd actually first read it, considering that DB was posting other shit and perhaps hadn't gotten to it yet?) whoopi-di-fuckin-do-da. let us know when you beat bloomberg to the story, big shot.

Posted by guest , Jun 12, 2008 3:42PM

if you don't get it then it's not worth explaining to you.

take a report.

Posted by guest , Jun 12, 2008 3:46PM

@3:42 "if you don't get it then it's not worth explaining to you." i got the tranny headline. i was looking for more color/commentary/jokes. you know, like an actual post, something that would justify BSD's "i beat you, bess! i beat you seeing a story on bloomberg and linking to it!"

Posted by guest , Jun 12, 2008 3:50PM

yep, you obviously don't get it.

Posted by guest , Jun 12, 2008 3:51PM

BSD- you posted the link at 12:23pm but i'd seen it on bloomberg at 12:21 and emailed it to my friends to 12:22. i beat you! what's my prize?

Posted by guest , Jun 12, 2008 4:22PM

He's throwing a Pingfest to start the fund this weekend...

http://www.onsevents.com/v3/event.cfm/id/527

the last ping party below, shows him in the brown: http://www.miamiparties.com/newsite/galleries/bed6_3_06/pages/IMG_9506.html

Posted by guest , Jun 12, 2008 5:04PM

Relived...minor usage error, nbd.

Posted by guest , Jun 12, 2008 6:06PM

Wow, I hadn't read the comments in some time, and as I opened up my first string I thought to myself "man, I hope BSD's responsibilities as a cum dumpster have left him too busy to post comments." But as luck would have it, after only one comment I realized that BSD figured out a way to smoke pole while typing.

BSD, please, instead of making endless inane comments causing the rest of us to contemplate suicide, stick to what you do best: fisting your mom, and consuming the final 3 ounces you need to win the lifetime achievement award for swallowing jizz.