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In a substantial (if not the most surprising) move, Lazard (LAZ) changes the base currency of...

Friday, October 23, 2009, 1:00 PM ET
In a substantial (if not the most surprising) move, Lazard (LAZ) changes the base currency of its World Trust Fund from dollars to pounds. Or, as a commenter says, "leaving the Titanic and jumping into Lusitania": Sterling now -1.8% against dollar, -1.9% against euro, -1.6% against Swiss franc, -1.1% against yen.

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This news story has 2 comments:

Papaswamp Comments (2114)

Dooooop!

23 Oct 2009, 01:27 PM Reply Like

enigmaman Comments (2646)

The first salvo fired over the bow of the USA, who will fire the second and the third, nobody wants to be first " Lets let Mikey try it" but now that its been done others are sure to follow, because "what one knows soon thirty will know, " Good news travels fast, bad news faster" "It usually rains where its already wet!"

23 Oct 2009, 01:53 PM Reply Like

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