CUBA INVESTMENT FUND. Miami-based Thomas Herzfeld, 61, keeps a low profile as he operates the Herzfeld Caribbean Basin Fund, which provides clients with a back-door way to invest in Cuba, reports Reuters (Oct. 2, 2006):
He uses only a PO box as his business address, explaining he received death threats from Cuban Americans 12 years ago when he launched the fund. Herzfeld has reportedly enjoyed a good deal of success with fund, made up of U.S. and Latin American companies he thinks could reap big benefits if the longstanding U.S. trade embargo against Cuba is finally lifted. It is a closed-end investment company with a fixed capital structure and a fixed number of …
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