Lazard Asset Management Fund Dumps The Dollar
It was only a matter of time before asset managers said "enough" to Bernanke's plan of debasing the dollar day after day, and took appropriate measures. In a not very surprising, yet quite shocking at the same time, development, caught by Annuity IQ, Lazard's The World Trust Fund has had enough of the dollar. Lazard will "change the currency in which the Fund's shares are traded from US dollars to Sterling." Good work Mr. Chairman and Wall Street lobby. The reason for the seismic shift: In response to comments from a number of shareholders and potential investors in the Fund...
Original Article: Forum: News/Activism
Tags: Annuity, Asset Managers, Change Currency, Dollar Day, Investors, Iq, Lazard Asset Management, Management Fund, Matter Of Time, Measures, Mr Chairman, reason, Seismic Shift, Shareholders, Shares, Sterling, Time Development, Trust Fund, Wall Street, World Trust