WSJ profiles the Merk Hard Currency Fund in "Bold Investors Make Bullish Bets on Euro"
"…
Axel Merk, chief investment officer at Merk Investments LLC, a Palo Alto, Calif.-based currency management fund, is buying short-term government securities from stronger European countries like Germany and Finland.
Mr. Merk thinks the euro could pass $1.60—its all-time high—if markets realize the currency isn't going to disappear.
…."