TheStreet: Cuba Fund Surges 17% on Castro's Death

By SIMON CONSTABLE
Cuba's longstanding dictator Fidel Castro barely got one foot in the grave and already investors are getting excited.


The Herzfeld Caribbean Basin Fund  (CUBA)  a closed-end fund known as the "Cuba Fund" because of its ticker, surged as much as 17% intraday on Monday following the Cuban dictator's death on Friday. More than 1.8 million shares of the fund had changed hands by Monday afternoon compared with normal daily volume of about 22,000. Read more here.