Bjrn Englund probably has one of the hardest day jobs going. He's the manager of the $29.9M Iraqi-focused Babylon Fund, and he wants to convince us that Iraq is a credible place to park money for the long haul. And so far, he's not doing such a bad job.
The fund rose 3.1% in August and had the best year-to-date performance last month, up 43% in 12 months. The biggest riser was the fund's largest holding, the five star Al Mansour Hotel in Baghdad, while oil drilling investments also did well.
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