Citi Fund Manager Ensnared in Insider Case

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BY JENNY STRASBURG, MICHAEL ROTHFELD AND SUSAN PULLIAM

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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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