Cuba looks better from London

Ceiba Investments, a closed-end fund that invests solely in Cuban assets, is set to list its shares on London junior market AIM this month.

Ceiba, the only fund that invests exclusively in Cuba, has already raised its capital to $137.3 million in a share placing in March in the Channel Islands that was 70% oversubscribed despite market turmoil.

“A placing on AIM will improve our liquidity both for those invested in us and to ease our access to the financial markets,” says Sebastiaan Berger, fund manager of Ceiba Investments. “The moment an interesting investment opportunity comes up it will be fast and easy to raise money with this London listing.

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