Sam Barai, ex-managing director at the Citigroup’s defunct $2.5 billion multi-strategy hedge fund arm Tribeca Global Management, has formed Barai Capital Management and launched its maiden hedge fund, Barai Capital Master Fund, earlier in April. Barai manages the long/short global TMT strategy in New York. Calls to Barai were referred to Jeffrey Wilkins, spokesman for the firm, who confirmed the launch but declined to comment. Further details about the strategy could not be learned by press time.
Before founding the firm in January, Barai spent three years at Tribeca. Citigroup wound down the business late last year. It could not be learned if Barai’s departure was directly linked to Tribeca’s closing. Previously Barai worked at Ziff Brothers Investments, the multi-billion dollar investment fund of the Ziff family, from August 1999-2005. Spokesmen from Citigroup and Ziff did not return calls by press time.
The education of Sam Barai
This article was originally published in Alternative Investment News.