In China, Former IMF Chief Strauss-Kahn Announces Effort To Raise $2B

Dominique Strauss-Kahn, former International Monetary Fund chief, plans to raise $2 billion for a new macro hedge fund.

Strauss-Kahn: Importance of China

Strauss-Kahn’s firm, LSK & Partners, which includes his daughter and economist Vanessa Strauss-Kahn, was on a promotional trip in China when they made the strategic announcement.

The importance of China, with over 650,000 millionaires and a rapidly emerging institutional appetite for alternative investments, is becoming a region that is increasingly more difficult for hedge funds to ignore.  The fact Strauss-Kahn announced his fund from the Asian nation rather than a European or US...