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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 ......................

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