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NEW YORK (Reuters) – Three inclose money managers, including the nous of an $80 meg money raided by federal agents in November, and an shrink module be live with insider trading, U.S. prosecutors and grouping old with the matter said on Tuesday.

The charges mark the stylish utilization in a broad enquiry of inclose funds' trading activities. Authorities had previously brought malefactor charges against octad grouping equal to a so-called proficient networking concern who are accused of improperly leaking confidential joint aggregation to inclose funds. Tuesday's charges are the prototypal against inclose money managers in the probe.

The U.S. Attorney in Manhattan said a advise conference would be held at hour to announce the charges. FBI and U.S. Securities and Exchange Commission officials were also regular to attend.

Hedge money manager Sam Barai, nous of Barai Capital Management, has surrendered to polity in unification with the case, a mortal old with the status said. The mortal was not commissioned to discuss the housing publicly.

Barai, a past inclose money managing director at Citigroup's Tribeca Global Management, launched Barai Capital Management in 2008. The fund, which focuses on profession and media companies, is in the impact of closing.

Barai's money was digit of four raided by federal agents New terminal assemblage when the trading enquiry was vaporisation up. The raids shocked the $1.9 trillion inclose money world, and were followed by dozen of subpoenas to inclose assets and shared assets that did playing with various proficient network firms and consultants.

Another inclose money manager also was inactive weekday in Manhattan in unification with the case, an FBI maker said.

The Wall Street Journal reportable weekday that charges also were to be opened against Jason Pflaum, a profession analyst. He could not directly be reached for comment.

Other defendants' obloquy were not directly available. Prosecutors said digit of the portfolio managers would also be live with impediment of justice.

The U.S. Attorney's duty and the SEC declined to comment.

(Additional news by Martha Graybow, Jonathan Stempel, Emily Chasan and Svea Herbst-Bayliss; Editing by Evangelist insurrectionist and Derek Caney)

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