October 23, 2009 12:58 PM - 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......
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Lazard Ltd (NYSE: LAZ) is the parent company of Lazard Group LLC, a global, independent and one of the world's largest investment banks with approximately 2,300 employees in 39 cities across 24 countries throughout Europe, North America, Asia, Australia, Central and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, restructuring and capital raising, as well as asset management services to corporations, partnerships, institutions, governments, and individuals. Lazard remained privately held until May 5, 2005, when the company conducted an initial public offering of its shares. In connection with its IPO, Lazard spun off its securities underwriting business, Lazard Capital Markets, which is now its own firm.
Related:
Lazard Ltd (NYSE: LAZ) is the parent company of Lazard Group LLC, a global, independent and one of the world's largest investment banks with approximately 2,300 employees in 39 cities across 24 countries throughout Europe, North America, Asia, Australia, Central and South America. With origins dating back to 1848, the firm provides advice on mergers and acquisitions, restructuring and capital raising, as well as asset management services to corporations, partnerships, institutions, governments, and individuals. Lazard remained privately held until May 5, 2005, when the company conducted an initial public offering of its shares. In connection with its IPO, Lazard spun off its securities underwriting business, Lazard Capital Markets, which is now its own firm.
