The Babylon Fund: for wealthy investors with a sense of adventure

Björn 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.

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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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.