Last week we mentioned that Goldman Sachs, in spite of the assumption it was immune from taking part in peasant-like drinking games, had played host to at least one confirmed icing on its premises at 200 West Street. For the uninformed, "Icing" is the new game the kids are playing these days, wherein you surprise a “bro” with a bottle of Smirnoff Ice, any time, any place and he has to get down on one knee and chug it, unless he happens to whip out his own bottle, in which case, you got owned and have to drink both. Naturally we assumed that such events were taking place on Wall Street, but at places where it wouldn't be such a huge deal if you got caught by someone much more senior than yourself, such as Citi, where they're practically daring their employees to pull this kind of shit. It wasn't that we imagined Goldman Sachs had more important things to do-- front-running clients is really not as difficult as people would you have you think, seriously, try it some time-- but that they'd have more sophisticated drinking games to play. The same thinking went into our answer to the question, "Do you think there've been any icings at DE Shaw," which meant that for only the second time ever, we were proved wrong.
Fortune has learned of icings at Florida-based investment bank Raymond James (RJF) and New York City hedge fund D.E. Shaw.
Not even going to comment on Raymond James, which we figured has been doing this thing since before it had a name. What we are going to harp on is that this is an embarrassment, for the rest of the hedge fund community. YOU'RE GOING TO LET DE SHAW BE THE ONLY ONE?! Unacceptable. You people need to rectify this and fast. Citadel, Tudor, Kynikos, Appaloosa, RenTec, Harbinger, Ping Capital, SAC-- you should have a bottle down your pants and be ready to whip it out on a colleague stat. Make this happen and remember that if there aren't pictures it didn't happen at all.
Update: Points system is as follows:
•1 point for doing this period
•5 points for an ice during market hours
•50 points for an ice between 3:30 and 4PM
•100 points for an icing that takes place just as your target has learned he lost $500 million on a single trade
•1 point for an icing in the parking lot
•5 points for an icing in the cafeteria
•10 points for the men’s room
•25 points for an icing in a Stretch Room (rationale: the people who use these things take themselves extremely seriously and will not be pleased)
•50 points for the trading floor
•100 points for the women’s room
•1 point for performing an ice on an intern
•5 points for performing an ice on a junior trader
•10 points for performing an ice on a PM
•100 points for performing an ice on the boss (conversely, if you *are* the boss points go in reverse order, with the most being awarded for seeking out the lowest man on the totem pole)
•500 points for anyone in HR
Feel free to offer more point-based suggestions for consideration (do you get more points for icing a CFA or MBA? And so on and so forth).