Scandal-ridden Dominique Strauss-Kahn seeks to start $2 bn hedge fund

Written by New York Times | Paris | Updated: Mar 22 2014, 14:39pm hrs
Dominique Strauss-KahnFormer IMF chief Dominique Strauss-Kahn fell from grace in 2011 amid accusation of sexual assault.
Dominique Strauss-Kahn is seeking to translate his extensive experience at the top levels of global policy-making into a lucrative career as an investment manager, hoping to raise $2 billion for a hedge fund, one of his partners in the venture said on Thursday.

Strauss-Kahn, a former International Monetary Fund chief and French presidential hopeful, is currently in China making the rounds of global investors and seeking to drum up interest in the fund, Mohamad Zeidan, COO of Strauss-Kahns Luxembourg-based investment firm, LSK & Partners, said by telephone from Shanghai.

Strauss-Kahn, who fell from grace in 2011 amid accusation of sexual assault, joined last year with a banker, Thierry Leyne, to form LSK, in an effort to capitalize on the former IMF chiefs experience and expertise. The new fund, which represents his first effort to actively manage money on a large scale, is aimed at institutional investors and high net worth individuals around the world. Strauss-Kahns abilities should speak for themselves, Zeidan said.

The DSK Global Investment Fund is a global macro fund, and is as plain vanilla as it gets, Zeidan added.


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