Currency hedging takes on new importance for global stock funds

NEW YORK (Reuters) - 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.

from Reuters: Business News http://ift.tt/1OkQDUL