Newspaper article International New York Times

Strauss-Kahn Seeks Financing for $2 Billion Investment Fund

Newspaper article International New York Times

Strauss-Kahn Seeks Financing for $2 Billion Investment Fund

Article excerpt

The former International Monetary Fund chief is seeking to drum up interest in the DSK Global Investment Fund, a "global macro fund."

Dominique Strauss-Kahn, in an effort to translate his extensive experience at the top levels of global policy making into a lucrative career as an investment manager, is seeking to raise $2 billion for a hedge fund, one of his partners in the venture said on Thursday.

Mr. Strauss-Kahn, once the chief of the International Monetary Fund and a French presidential hopeful, is in China making the rounds of global investors and seeking to drum up interest in the fund, Mohamad Zeidan, the chief operating officer of Mr. Strauss- Kahn's Luxembourg-based investment firm, LSK & Partners, said by telephone.

Mr. Strauss-Kahn, who fell from grace in 2011 amid accusations 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. …

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