Warming up to Cuban investment


Schmid is looking for investment of Ä25 million in the Cuba Recovery Fund, launched as a strategic partnership by European Special Opportunities and the Sovereign Research Corporation. The fund has closed its first round of investment at Ä10 million.

The fund invests exclusively in Cuban sovereign loans. Schmid believes these are a cheap option for investors with potentially huge returns. Historically, emerging market debt restructuring has returned between 100% and 1,000% “if you know how to str