Former IMF chief to face hedge fund probe

Hedge Fund

Former International Monetary Fund chief Dominique Strauss-Kahn was acquitted in France on pimping charges this month, but his legal headaches may not be over.

Bloomberg News reports that while Strauss-Kahn will try to put the Lille trial with its days of embarrassing testimony behind him, he and his lawyers must shift their focus to Luxembourg and the failure of a hedge fund that bore Strauss-Kahn’s name.

The state prosecutor there is reviewing complaints stemming from the collapse last November of Leyne Strauss-Kahn & Partners following the suicide of Thierry Leyne, who had co-founded the investment firm with Strauss-Kahn months earlier.

'The cases in Luxembourg will drag on for at least two years', said Lex Thielen, a Luxembourg lawyer who isn’t involved in the cases. 'All of this will continue to weigh on his reputation and on him financially'.

To access the complete Bloomberg News article hit the link below:

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