Dominique Strauss-Kahn, the former International Monetary Fund chief, is seeking to raise $2 billion for a new hedge fund.
The New York Times reported that Strauss-Kahnis is currently in China marketing the fund, which will be launched through his Luxembourg-based investment firm LSK & Partners, to potential investors.
LSK & Partners chief operating officer Mohamad Zeidan told the news outlet that the new “global macro fund…will not employ a lot of leverage and complicated derivatives” but will “use the expertise that we have in following economic movements, and translate that into profitable trades.”
Strauss-Kahn, who formed LSK with banker Thierry Leyne last year, has faced considerable legal scrutiny in recent years. While he avoided criminal prosecution in the highly public New York sexual assault case that led to his resignation from the International Monetary Fund in 2011, he has been ordered to stand trial over allegations of his involvement in a prostitution ring.