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

|About: Lazard Ltd. (LAZ)|By:, SA News Editor

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.