HAUPPAUGE, N.Y., Aug. 26, 2016 /PRNewswire/ -- Gemini Alternative Funds, LLC ("Gemini Alt") has surpassed $500 million in invested assets on its Galaxy Plus Fund managed account platform as of August 2016.
"At a time when the demand for access to alternative strategies continues to increase, our platform enables investors to access alternative strategies from a variety of advisors with the same degree of transparency and control—and lower fees—they experience when investing in mutual funds," said David Young, President of Gemini Alt. "The rapid growth of Galaxy Plus is a testament to our ability to help investors create their own investing solutions for obtaining risk-managed returns and diversification with alternative strategies."
Gemini Alt (http://www.geminialt.com) launched the Galaxy Plus Fund platform in December 2014. Galaxy's open-architecture infrastructure provides all investors, regardless of investment size, an institutional-level investing experience. Galaxy Plus provides access to a variety of alternative investment strategies with lower investment minimums, transparency, access to near real-time data, notional funding capabilities, risk monitoring and management services, and frequent liquidity.
Gemini Alt conducts qualitative and quantitative due diligence on fund advisors, as well as counter-party risk assessments on all clearing relationships. In addition, Gemini Alt works with institutions to identify a cost-effective solution by building a dedicated managed account for investors to access alternative fund strategies on the platform.
Gemini Alt also leverages its extensive sales and distribution network available through The Gemini Companies to help advisors reach a wide audience of investors, including mutual funds, family offices, high-net-worth individuals, pension plans, insurance companies, endowments and foundations, and private equity. As of August 2016, alternative strategies from 20 different advisors are fully funded and available on Galaxy Plus, including managed futures, commodities, real estate, hedge funds, foreign equities and derivatives contracts.
"Gemini Alt serves as a conflict-free 'one-stop shop' for investing in alternatives, benefiting both investors and advisors," said Andrew Rogers, Chief Executive Officer of The Gemini Companies. "We will continue to deploy the vast resources and expertise under our umbrella to personalize and simplify alternative investing for these audiences."
About The Gemini Companies
The Gemini Companies provide investment companies with a single point of access to multiple solutions for pooled investment products. The individual service firms within The Gemini Companies were built on innovation, client partnerships and service, and their teams possess expertise in fund administration, accounting, technology, compliance and reporting.
Gemini Fund Services, LLC helps bring mutual funds to market, providing comprehensive administration, accounting, distribution and transfer agent services. Gemini Hedge Fund Services, LLC provides middle- and back-office administration, real-time portfolio valuations, comprehensive financial reporting and a full spectrum of investor services to help hedge fund managers meet the requirements of investors and regulatory bodies. Gemini Alternative Funds, LLC offers a managed account platform to fund advisors to access multiple distribution channels and operational efficiencies, and allows qualified eligible purchasers and accredited investors to select from a variety of alternative investment strategies through a single account.
The Gemini Companies are subsidiaries of NorthStar Financial Services Group, LLC, which has more than 750 employees and over $400 billion in assets under management and administration, and TA Associates, a leading global growth private equity firm. For more information, please call (855) 891-0092 or visit www.thegeminicompanies.com.
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SOURCE The Gemini Companies