BizJournals Portfolio
Feb 19 2008 12:00am EDT

Chart of the Day: Castro Out, Money In

Trading volume into the Herzfeld Caribbean Basin Fund, "which aims to profit from the resumption of U.S. trade with Cuba," is up a whopping 215 times since this morning's announcement that Fidel Castro will end his 49-year reign as the country's leader. Shares in the fund have zoomed 20 percent on the day.

(Source)

Thomas Herzfeld, who runs the Basin Fund, also has filed S.E.C. documents for a Cuba-only fund once relations with U.S. are normalized.

And a bonus chart: The "Castro Will Return to Power in Cuba" contract from NewsFutures.


blog comments powered by Disqus
Real Business, Real Results

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More