Citi Fund Manager Ensnared in Insider Case

The following article includes pertinent information that may cause you to reconsider what you thought you understood. The most important thing is to study with an open mind and be willing to revise your understanding if necessary.

BY JENNY STRASBURG, MICHAEL ROTHFELD AND SUSAN PULLIAM

Most of this information comes straight from the Business News pros. Careful reading to the end virtually guarantees that you'll know what they know.

A former Citigroup Inc. hedge-fund manager has been drawn into the government's insider-trading investigation as a co-conspirator in the case, and his firm has been raided by Federal Bureau of Investigation agents, according to people familiar with the matter.

The hedge-fund manager"Samir Barai, the 39-year-old founder of New York-based Barai Capital Management"didn't return calls for comment. Prosecutors haven't disclosed any charges of wrongdoing against Mr. Barai in the still-unfolding investigation. FBI agents raided his fund in November, the people familiar with the matter say, but the fund's identity hasn't before been made public.ªThe FBI and Manhattan U.S. Attorney's office declined ...

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