Barai Capital Winds Down Funds After FBI Raid, Investor Says
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Barai Capital Management LP, the New York-based hedge fund run by Samir Barai, is liquidating its funds after being raided by the Federal Bureau of Investigation as part of the government’s insider-trading probe, according to a memo from the firm that seeded the manager.
“BCM has informed us that they are cooperating fully with the government’s investigation. The firm also has informed its investors that it commenced an orderly wind down of the BCM funds," Protege Partners LP co-founders Jeff Tarrant and Ted Seides said in an e-mail sent today to investors, a copy of which was obtained by Bloomberg.