Nile Frontier and Emerging Institutional (NFRNX)
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Nile Frontier and Emerging Institutional
Nile Capital Investment Trust116 Village Blvd, Suite 200Princeton, NJ 8540
877-682-3742
Management Information
Larry Seruma,Lead Manager since December 30, 2013
Larry Seruma is the Managing Principal of Nile Capital Management LLC, the Advisor of the Nile Africa Funds. Mr. Seruma has over 20 years of experience in portfolio management, investment research and quantitative investment strategies. In 2004, Mr. Seruma founded Nile Capital Management, where he began his tenure as Portfolio Manager for the Nile Master Fund, a global long/short equity hedge fund. In 2005, the Nile Fund was integrated into Proxima Alfa Investments (USA) LLC (formerly VegaPlus Capital Partners), a subsidiary of Banco Bilbao Vizcaya Argentaria, and Mr. Seruma was named one of the firm's Managing Directors. Currently, Nile Capital Management serves as the Advisor for the Nile Africa Funds, which seek opportunities for investment across the Africa continent. Prior to founding Nile Capital Management, Mr. Seruma was a Principal at Barclays Global Investors (BGI), a division of Barclays Capital. He was a member of the Active Strategies Group there and also a member of BGI Investment Process Committee. Early in his career, Mr. Seruma was an Options Market Maker in the Exchange pits at the Chicago Board of Options Exchange. Mr. Seruma has authored several articles on investments in Africa and other emerging/frontier markets, and has been featured in many leading financial publications. He is also the author of www.moneywatchafrica.com, a financial blog focused on understanding Africa investment opportunities. He received an MBA in Analytic Finance and Statistics from the Booth School of Business, The University of Chicago, in 1996.
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Morningstar Category
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Fund Overview
CategoryDiversified Emerging Mkts
Fund FamilyNile Capital Investment Trust
Net Assets388.56k
YTD Return-16.22%
Yield0.00%
Morningstar RatingN/A1
Inception DateDec 30, 2013
Fund Operations
Last Dividend0.00
Last Cap Gain0.00
Holdings Turnover275.00%
Average for CategoryN/A
Fees & Expenses
ExpenseNFRNXCategory Average
Annual Report Expense Ratio (net)2.25%1.23%
Prospectus Net Expense Ratio2.27%N/A
Prospectus Gross Expense Ratio12.15%N/A
Max 12b1 Fee0.00%N/A
Max Front End Sales LoadN/A5.18%
Max Deferred Sales LoadN/A1.16%
3 Yr Expense Projection2,550N/A
5 Yr Expense Projection4,551N/A
10 Yr Expense Projection8,428N/A
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