Mon, Feb 27, 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: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways