Tue, May 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Former IMF chief Dominique Strauss-Kahn is raising $2bn for new global macro hedge fund

Thursday, March 20, 2014

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

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Opalesque Roundtable: Rise of high-frequency trading in Europe a challenge for traditional asset managers[more]

    Komfie Manalo, Opalesque Asia: The rise of high-frequency trading in Europe, dominating over 80% of the market, has become a challenge for traditional asset managers especially when it comes to risk management, said Philippe Malaise, chairman of advisory firm