Vulture Fund circling

Investment Analysis Clubs Macro Economic Trends and Risks
1

A hedge fund (CRF 1) is now chasing Cuba for some very old debt. I think the fund paid 10% of the outstanding debt and it’s now going after this plus interest (39 years’ interest!):

If the courts agree with CRF 1 then this will open the floodgates!

Cuba is now desperate to borrow but this will make it very difficult to borrow anything.

1 Like
2

Therein lies Cuba’s problem. Fidel was the legitimate leader of Cuba per Cuba, and there has been no revolution to remove/depose him OR the govt that succeeded him after he retired. Cuba is throwing everything at the (legal) wall, trying to see if anything will stick.