Would you invest in Venezuela? There are groups of investors who believe that it is a good time to acquire cheap assets in that country and benefit from an eventual recovery of economic activity. The best known initiative is the 3B1 Guacamaya fund, co-founded by Eduardo Cisneros, grandson of the founder of the largest Venezuelan business group, which has raised US$200 million to acquire assets in the Caribbean country. The fund has already invested US$60 million, including the purchase of Corimon, one of the main paint companies in that country. Other groups, including some Chilean ones, have also entered Venezuela, acquiring assets such as the Venezuelan operation of DirecTV or the assets of the agricultural products trader Carguill. The interest in Venezuela comes at a time when the government has begun a process of opening up the economy in an effort to reverse the country's economic slump. Among the measures taken is a de facto dollarization of the economy, as well as new regulations to attract investment in the oil and gas sector.