Former French presidential hopeful Dominque Strauss-Kahn is hoping to raise $2bn to launch a hedge fund.
Strauss-Kahn, who was forced to resign from his role as head of the International Monetary fund after becoming embroiled in a sex scandal, joined with banker Thierry Leyne last year to form investment firm LSK. The pair are now meeting investors with the intention of launching the DSK Global Investment fund, a global macro fund aimed at institutions. The fund will "use the expertise that we have in following economic movements, and translate that into profitable trades," Reuters quoted LSK chief operating officer Mohamad Zeidan as saying. "We have met with the largest groups in eac...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
