Larry Seruma, '96
Chief Investment Officer and Managing Principal , Nile Capital Management LLC
Larry Seruma, '96, is the managing principal of Nile Capital Management LLC, the advisor of the Nile Africa Funds. Seruma has more than 20 years of experience in portfolio management, investment research and quantitative investment strategies.
In 2004, 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 Seruma was named one of the firm's managing directors.
Nile Capital Management is the advisor for the Nile Africa Funds, which seek opportunities for investment across Africa.
Prior to founding Nile Capital Management, Seruma was a principal at Barclays Global Investors, a division of Barclays Capital. He was a member of the active strategies group there and a member of BGI's investment process committee. Early in his career, Seruma was an options market maker in the exchange pits at the Chicago Board of Options Exchange.
Seruma has authored several articles on investments in Africa and other emerging/frontier markets, and he has been featured in many leading financial publications. He is also the author of MoneyWatchAfrica.com, a financial blog focused on understanding African investment opportunities.
He serves on the boards of All for Africa, a non-profit organization that focuses on providing sustainable funding to charities and community-based programs, and of the Segal Family Foundation, which focuses on improving the quality of life in Sub-Saharan Africa.
He received an MBA in Analytic Finance and Statistics from the Booth School of Business at the University of Chicago in 1996.