Thoughts on EM currency hedging vs. pure equity exposure?

Been diving deeper into EM funds lately, specifically how managers handle currency risk. It seems some funds actively hedge their currency exposure, while others just let it ride, arguing that the currency movement is part of the EM equity story itself. I'm trying to wrap my head around the pros and cons beyond just the obvious costs of hedging. For those of you with experience in this space, what's your take on when hedging is truly beneficial, and when it just detracts from potential upside or adds unnecessary complexity, especially in countries with more volatile local currencies?