A French-Israeli business partner of disgraced International Monetary Fund chief Dominique Strauss-Kahn died on Thursday, reportedly by jumping off the 23rd floor of one of the prestigious Yoo residential towers in Tel Aviv.
Thierry Leyne, 49, and Strauss-Kahn were partners in Leyne Strauss-Kahn & Partners, a company providing investment banking advice and services, and a well-known figure in international financial circles. His death was widely reported in the French and international media.
The Wall Street Journal reported that a man identifying himself as Leyne’s son said his father was buried on Friday but declined to answer further questions.
Leyne and Strauss-Kahn met several years ago and founded their joint company, of which Leyne was CEO, in October 2013.
The firm announced plans to launch a global macro hedge fund earlier this year. Leyne and Strauss-Kahn apparently spent time in China recently, attempting to raise $2 billion for the fund.
Leyne said at the time that the fund’s investments would be based on Strauss-Kahn’s “comprehensive economic predictions of global trends in bond markets, equity markets, commodity markets, forex, alternative, cash, and other exchanges.”
After receving an engineering degree from the Technion in Haifa, Leyne made a career in private banking, management and investment. In 1994, he founded Assya Capital, a trading company that was listed on the Euronext Free Market in 2001.
In 2010, he merged Assya with Global Equities Capital Markets, to provide financial advice and private banking to clients in eastern Europe.
Strauss-Kahn had been seen as a presidential hopeful in France. But he stepped down from the IMF in 2011 after he was arrested on sexual assault charges in New York, which later were dropped.
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