The Traderszone Network

Published in TZ Latest News 21 March, 2015 by The TZ Newswire Staff

Currency hedging takes on new importance for global stock funds

As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. He now has 60 percent of his portfolio invested in companies in the euro zone, the largest stake among any global fund tracked by Lipper. “We’re stockpickers, and by hedging currencies we can be pure stockpickers without the currency risk,” said Marcus.

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