Komfie Manalo, Opalesque Asia:
Disgraced former International Monetary Fund director Dominique Strauss-Kahn said he is raising $2bn for a macro hedge fund that will invest globally.
Strauss-Kahn’s firm LSK & Partners, in tandem with DSK Global Investment Fund, will raise the capital in China, reports said. DSK’s Global chief operating officer Mohamad Zeidan said Strauss-Kahn would manage the hedge fund, together with his economist daughter Vanessa Strauss-Kahn.
The father and daughter are now in China with the aim of raising capital from institutional investors and high-net worth individuals in the region for the new hedge fund.
Strauss-Kahn resigned as head of the IMF in May 2011 "to devote all his energy to fight charges that he had sexually assaulted a hotel maid," shortly after being arrested in New York.
Strauss-Kahn settled with the maid in December 2012. Strauss-Kahn, or DSK, as he’s known, was getting ready to run for president of France, reported The Daily Beast, but he withdrew from the race.
Since leaving the IMF, according ......................
To view our full article Click here