The New York-based Nile Capital Management which manages the Nile Pan Africa Fund, has reported that the fund gained +22.07% returns one year after its inception on April 28, 2010 compared to the MSCI Frontier Markets Index (+9.94%), the Dow Jones Africa 50 Titans Index (+11.07%), and the S&P 500 Total Return Index (+16.67%) during the same period.

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