Iraq could be the next Russia, says FMG

It's a rather unusual approach to pitching a fund, but then it's not your typical fund. Stockholm-based fund-of-funds manager FMG recommends that clients put 1-3% of their assets into its soon-to-launch Iraq Special Opportunity Fund, write it off as a loss on the first day, then "look again in three to five years", says the firm's principal Johan Kahm. Given that the minimum investment is a mere $10,000, that may seem a tempting idea for some, especially when FMG is hoping for 1,000%…