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Alternative Market Briefing

Iraq fund rises as foreigners enter domestic market
Tuesday, August 28, 2007

The Babylon Fund, managed by BVI based Godvig Capital Management's Björn Englund, reports the fund is up 3.8% in July and continues its winning streak into August. The management says the fund has “successfully managed to steer away from the general global financial meltdown seen lately, as the high Sharp and Sortino ratios indicate, together with the lowly 0,15% correlation to MSCI World index.

“Of our direct Iraqi holdings, bond yields steered higher upon a combination of dried-up flow and risk aversion factors partly based upon the perceived weakened state of Mr......................

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