Wed, Dec 7, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  3. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  4. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  5. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg