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.