Gemini Demonstrates Solid Growth in 2017: 80% Increase in Fund Launches

Key drivers for clients include turnkey solutions to scale, agility with complex structures, and robust compliance

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Jan 09, 2018, 09:05 ET

HAUPPAUGE, N.Y., Jan. 9, 2018 /PRNewswire/ -- Gemini announced today that they experienced record-breaking growth for 2017, with an 80% increase in the number of registered fund launches executed during the year. When surveyed, clients noted the key drivers in selecting Gemini for their new funds included:

Gemini's turnkey solutions, which help them scale their operations and focus on their strategy
Our established risk management, cybersecurity, and compliance processes
Our agility in handling complex/evolving investment strategies
A joint-venture approach to client relationship management offering a true business partner
Our extensive network of other service provider relationships (e.g., legal, auditing, etc.)

"New markets, regulation, fund fee structures, and complex alpha-driving instruments/strategies continue to make the mutual fund and ETF marketplace more complex, which drives continuous adaptation," said Kevin Hesselbirg, CEO of Gemini. "We are pleased that our clients strategically partner with us to innovate and invigorate their fund businesses. As a result, we have recently scaled several parts of our operations to accommodate our growth and have added veteran talent to our deep pool of industry experts."

Gemini's strategic decision to support growth included the rehiring of James Ash as Senior Vice President of National Sales. Previously, Mr. Ash served as Senior Vice President and Director of Legal Administration, earning significant industry expertise during his 12-year tenure with the company. During his previous time at Gemini, he managed a team of experienced 1940 Act attorneys and legal administrators, who worked with Gemini's fund administration, compliance services, distribution, and transfer agent departments. Mr. Ash was also President of Northern Lights Fund Trust III and Secretary or Assistant Secretary to several fund families in the Gemini trusts.

Kevin Wolf, President of Gemini's division offering solutions for registered products, commented on the rehiring of Mr. Ash, "This new role was created to deliver engaged, expert service for funds/fund families below $10 billion that are not getting the type of end-to-end comprehensive service from their existing providers that Gemini can provide. I am pleased to welcome James back and leverage his significant knowledge of the lifecycle of launching and growing registered funds, which will ultimately benefit our clients."

In addition, Gemini announced the promotion of Kyle Thorberg to Senior Vice President of Business Development. Bill Wostoupal, Gemini's Executive Vice President of Sales, said, "Gemini is pleased to have a seasoned fund launch specialist in Kyle. He will be able to help Advisors navigate this process in multiple ways including opening a new line of revenue with a registered product, capturing first-mover advantages by getting to market quickly, securing valuable distribution 'shelf space' for funds, and being able to take advantage of Gemini's tax and compliance experts."

To learn more about Gemini's solutions for registered products, download:

About Gemini
Since 1983, Gemini has been providing our partners an ever-expanding suite of services for their investment products, such as modern investor servicing tools, portfolio administration and accounting, comprehensive compliance programs, and expert guidance on taxes, regulations, auditing, and distribution. Gemini's consultative approach and culture of service helps managers and investors navigate and flourish in today's increasingly sophisticated and dynamic investment landscape.

Gemini provides a single, integrated solution that supports the launching and servicing of mutual funds, hedge funds, ETFs, private equity funds, variable annuity trusts, and state-sponsored 529 plans. We also offer customized structures designed to support the unique needs of pensions, endowments, and foundations.

Gemini is a subsidiary of NorthStar Financial Services Group, LLC, which has over 850 employees and over $705 billion in assets under administration as of November 30, 2017. For more information, please visit www.thegeminicompanies.com.

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CONTACT:
Jami Schlicher
JConnelly
(973) 850-7309
[email protected]

SOURCE Gemini