Regime Change

Stuart Culverhouse, chief economist at Exotix, says Cuba may yet see a turnaround.

Robert J Rosenberg December 17, 2025

Stuart Culverhouse of Exotix. For Alpha magazine, May 2008, Longs & Shorts. Photographed in London, UK, on May 16, 2008.

Ian Phillips-McLaren/Ian Phillips-McLaren

Imagine, if you will, hedge fund managers sipping mojitos and smoking cigars on a Havana veranda after a hard day of stock-and-bond trading in Cuba. A pipe dream? Some investors say it’s plausible. A few hedge fund managers even seem to think the opportunity is

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