The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A New York Fund Shop Dreams of Africa Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, October 15, 2009

A New York Fund Shop Dreams of Africa

News summary by MFWire's editors

New York-based Nile Capital Management is bringing investments in Africa to American mutual fund investors.

The Nile Africa Mutual Funds includes three equity funds and one fixed-income fund, reveals an SEC filing from earlier this month.

The equity funds are organized by geographic region: There's the Nile East and Southern Africa Fund, the Nile West Africa Fund and the Nile Pan Africa Equity Fund. The Pan Africa Fixed Income Fund will, like its equity counterpart, invest in all of Africa.

Founder Larry Seruma will lead portfolio management for the funds, with assistance from Tapio Pekkala, Andy Chen and Marc Wiersum. Seruma has worked at Proxima Alfa Investments since 2005, and he previously worked at Barclays and the Chicago Board of Options Exchange as well.

Raleigh, North Carolina-based Capital Investment Group will act as the distributor for the fund.

All four funds feature expense ratios of 375 basis points. 

Correction: A previous version of this story incorrectly reported the timing of Nile Capital Management's founding.

Edited by: Adam Kommel

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use