MYSTERY RAIDED HEDGE FUND REVEALED: The FBI Raided The Offices Of A Near Deaf, Ex-Citi Star

Shadow Silhouette

The identity of the fourth fund that had been raided in connection with the FBI’s massive insider trading investigation has remained a mystery until now.

Now we know the hedge fund is Barai Capital, a New York-based firm launched by former Citi hedge-fund manager Samir Barai, according to the WSJ.

He’s labelled “CC-1” in the FBI complaint against alleged inside trader Wini Jiau, who was arrested in December.

Barai is 39 and there are no charges against him as far as we know. But the FBI raided his $100 million fund in November, and took recordings of telephone calls in which Baria and one of his analysts allegedly discussed inside information with Wini Jiau about tech companies Marvell Technology and Nvidia.

Barai apparently taped conversations because he had hearing problems. He was born 96% deaf with bilateral neursensory hearing loss. According to the WSJ, “he has a severe, lifelong hearing impairment, and uses hearing aids and other technology to communicate, including while on telephone calls.”

At Citi, Barai worked for the now shuttered Tribeca fund. The bank closed Tribeca in 2007 because of average returns, but Barai’s tech, media and telecom stock portfolio produced strong returns and was described by AR as a “gifted investor.” He launched his own firm in 2008.

Before Citi he worked for Ziff Brothers Investments for 11 years. He’s a Harvard Business School and Stern grad.

On his LinkedIn profile, he writes:

I am constantly looking for new technology trends, datapoints, up to date trends and ideas that would support my investment management goals.

According to the FBI complaint, Barai Capital earned more than $820,000 in May and June 2008 from trading ahead of Marvell’s earnings based on inside information provided by Ms. Jiau.

Here’s a who’s who of all the people so-far ensnared in the FBI’s investigation >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at