Bjrn Englund, 40, is no stranger to conflict. A former warrant officer, the Swede served as a UN peacekeeper in Lebanon and Kuwait more than 20 years ago. But now he's got an even bigger fight on his hands. As manager of the $23.6m Iraqi-focused Babylon Fund, he's trying to convince people that Iraq is a plausible long-term investment.
Launched in September 2006, 30% of the Babylon Fund is invested in bonds, including Iraqi sovereign debt. He lists the 5.8% coupon, maturing in 2028, as one of his favourites. The other 70% is in equities, half of which are foreign firms with significant operations in Iraq, including several oil groups.
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The Babylon Fund's top ten holdings
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