Ex IMF Chief Dominique Strauss known from Sex Scandals and Beating up Hookers and Aggravated Pimping Charges is Moving to Hedge Funds.
Strauss-Kahn will manage the fund with his daughter and economist, Vanessa Strauss-Kahn, and is currently on a trip to China to raise capital for the hedge fund from institutional investors and wealthy individuals.
Dominiquw Strauss-Kahn, a former International Monetary Fund chief and French presidential hopeful, is currently in China making the rounds of global investors and seeking to drum up interest in the fund, Mohamad Zeidan, chief operating officer of Mr. Strauss-Kahn’s Luxembourg-based investment firm, LSK & Partners, said by telephone from Shanghai.
Mr. Strauss-Kahn, who fell from grace in 2011 amid accusation of sexual assault, joined last year with a banker, Thierry Leyne, to form LSK, in an effort to capitalize on the former I.M.F. chief’s experience and expertise. The new fund, which represents his first effort to actively manage money on a large scale, is aimed at institutional investors and high net worth individuals around the world.
Strauss-Kahn, who is the special economic adviser to the Serbian government, joined forces in 2013 with Thierry Leyne, a civil engineer and a member of the french society of financial analysts, to create LSK & Partners.
LSK & Partners is Luxembourg-based hedge fund will rely on Strauss-Kahn’s analysis of economic, financial and political events and other policy trends that affect market prices.
Macro hedge funds focus on major economic trends and events and bet anywhere they see value, including stocks, bonds, currencies, commodities and derivatives markets.
Macro funds managed $166 billion at the end of February in the $2 trillion global hedge funds industry and raised $16.3 billion last year,
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Manhattan federal judge recommended today that an Egyptian banker who sexually assaulted a maid inside his $900-a-night room at The Pierre pay the woman $350,000 An Egyptian banker who used Strauss-Kahn’s sexual hijinks with a hotel maid should cough