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

Mar 22 2014, 09:09 IST
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Former IMF chief Dominique Strauss-Kahn fell from grace in 2011 amid accusation of sexual assault. Former IMF chief Dominique Strauss-Kahn fell from grace in 2011 amid accusation of sexual assault.
SummaryStrauss-Kahn, a former IMF chief, is currently in China seeking to drum up interest in the fund.

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-Kahn’s 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 chief’s 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-Kahn’s 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.

- DAVID JOLLY

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Malaysia Airlines

Women cry as they enter a room to attend a briefing by the Malaysian government regarding the missing Malaysia Airlines Flight MH370 at a hotel in Beijing. (Reuters)

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