Raided Hedge Fund Barai Liquidating, Cooperating

Feb 1 2011 | 5:22am ET

Barai Capital Management, the hedge fund whose founder has been identified as an alleged co-conspirator of accused insider-trader Winifred Jiau, is closing its doors.

The New York-based firm is cooperating with the investigation, which has led to at least eight arrests since November, one of its early backers said. Among those charged was Jason Pflaum, an analyst at Barai, who pleaded guilty to conspiracy and securities fraud.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…