West Palm Beach (HedgeCo.Net)- Iraqi hedge fund `The Babylon Fund\u00c3\u201a\u00c2\u00b4 announced today that they successfully managed to steer away from the general global financial meltdown seen lately.<\/p>\n
Babylon’s winning streak continued during July (and further into August) with a rise of 3,8% in the Babylon Fund’s NAV-price.<\/p>\n
Of the hedge fund’s 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 the government whose success might be seen as being indirectly linked to the bond payment stream.<\/p>\n
On the other hand, in the ISX stock market in Baghdad, prices rose strongly, as did value and volumes traded, as participants positioned themselves ahead of foreigners’ entrance into the ISX, which was allowed as of 1st of August.<\/p>\n
According to a statement, Babylon’s aim is to provide long-term capital growth from an investment portfolio consisting of Iraqi and Iraqi-dependant securities. The investment process is mainly top-down driven, with a mix of fundamental analysis and portfolio diversification characteristics, aiming to be regarded as an easy, safe and efficient Gateway towards investing into the region.<\/p>\n
Babylon Fund is an open-ended mutual fund that primarily invests into large-cap Iraqi-dependant securities, mainly listed on the stock exchanges both in Iraq and in other countries.<\/p>\n
Alex Akesson HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! West Palm Beach (HedgeCo.Net)- Iraqi hedge fund `The Babylon Fund\u00c3\u201a\u00c2\u00b4 announced today that they successfully managed to steer away from the general global financial meltdown seen lately. Babylon’s winning streak continued during July (and further into August) with a rise […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6475","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6475"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6475\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Editor for HedgeCo.Net
Email: alex@hedgeco.net<\/a><\/p>\n
Be sure to check out our sister sites.<\/strong> www.hedgefundlounge.com<\/a><\/strong>,<\/strong> www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com<\/strong><\/a> <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"