Friday, February 22, 2008

Iraq-Focused Hedge Fund Drops 4.2% In Jan.

From FINAlternatives:

January’s hedge fund misery was especially widespread: It even effected war-torn Iraq.

Like many of its hedge fund peers, Godvig Capital’s Babylon Fund started the new year on the wrong foot, dropping 4.2%.

The Iraq-focused hedge fund attributed the drawdown to volatility in global financial markets, as well as retreating energy companies....MORE

HT: DealBreaker