LEX Think dabbling in subprime securities provides the ultimate adrenaline rush? Try a market where indicators include casualty lists and where the threat of complete civil breakdown is palpable.
Godvig Capital Management’s Babylon Fund, which aims to profit from the rehabilitation of Iraq, is one of a growing band of “frontier funds” which seek returns in everything from North Korean sovereign debt to political change in Cuba. With regard to the latter, the Herzfeld Caribbean Basin Fund has jumped 18 per cent since the announcement of Fidel Castro’s retirement.
