Babylon Fund Heads South In August

Sep 25 2008 | 8:48am ET

It hasn’t been a good summer for Godvig Capital’s Iraq-focused hedge fund to say the least. The Babylon Fund, like most of its peers around the world, continued to lose money in August, dropping 2.6%. The fund fell 2.8% in July and 0.6% in June.

Portfolio manager Björn Englund pointed to the influence of Iraq-dependant securities listed outside the war-torn country, rather than the fund’s direct holdings in Iraq, as culprits for the fund’s drawdown.

“We saw setbacks for oil companies on the back of lower oil prices, coupled with a rise in general international risk-aversion,” Englund wrote in an investor letter. “Further, negative sentiment is still reigning over the MENA markets, which are now moving with the investors’ psychology, more than on the basis of economic fundamentals. We are consistently increasing the fund’s exposure to undervalued holdings on the Iraqi Stock Exchange. However, liquidity on the ISX has dropped considerably during the summer, owing both to the summer silence and upcoming period of Ramadan.”


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.