About The Authors

Larry Seruma
Chief Investment Officer
Nile Capital Management, New York

Larry Seruma founded Nile Capital Management in 2004 to help investors find opportunities for investment across Africa. He currently serves as Managing Principal of Nile Capital Management LLC and is Advisor of the Nile Africa Funds.
Mr. Seruma began his tenure at Nile Capital Management as Portfolio Manager for the Nile Master Fund, which is a global long/short equity hedge fund. Mr. Seruma brings to the table more than 20 years of experience in portfolio management, building quantitative investment strategies and investment research.
Beginning in 2005, the Nile Fund was integrated into Proxima Alfa Investments (USA) LLC, which is a subsidiary of Banco Bilbao Vizcaya Argentaria. Upon this integration, Mr. Seruma was named as one of the firm's Managing Directors.
Before founding Nile Capital Management, Mr. Seruma was a Principal at Barclays Global Investors (BGI), which is a division of Barclays Capital. During his tenure, he served as a member of the Active Strategies Group and BGI's Investment Process Committee. Prior to that, he was an Options Market Maker at the Chicago Board of Options Exchange.
Mr. Seruma received his MBA in Analytic Finance and Statistics in 1996 from the prestigious University of Chicago Booth School of Business. Several financial periodicals have featured his articles regarding investments in Africa as well as other emerging markets and frontier markets. In addition, he is the creator and author of www.MoneyWatchAfrica.com, a financial blog that outlines investment opportunities throughout Africa.
Mr. Seruma also currently serves on the board of several non-profit organizations, including All for Africa and the Segal Family Foundation. All for Africa is an organization committed to helping launch projects that will create sustainable local economies throughout Africa. The Segal Family Foundation partners with 180 African-led, non-governmental organizations to help improve the quality of life throughout Sub Saharan Africa.

Nile Capital Management is an asset management firm that offers in-depth economic analysis and investment expertise covering the entire African continent, from Cairo to Cape Town.  The firm utilizes proprietary macro-economic research and in-depth fundamental analysis to select and manage a focused portfolio of 30-40 stocks drawn from the most attractive emerging and frontier markets.  The investment strategy emphasizes growth at attractive valuations in leading companies with established franchises and consistent revenue/profit growth.