HAUPPAUGE, N.Y., Dec. 19, 2013 /PRNewswire/ -- Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisors as a provider of comprehensive, pooled investment solutions, announces that it has amassed more than $25 billion in assets under administration.
"As investors continue to pursue healthy, risk-managed returns from alternative mutual funds, Gemini serves as a helpful and reliable partner to advisors seeking a cost-effective way to bring their alternative pooled investment vehicles to market," said Andrew Rogers, Chief Executive Officer of Gemini. "We are grateful that so many advisors have placed their confidence in us to successfully launch and grow their funds while navigating an evolving regulatory landscape."
Gemini launched 80 new mutual funds on its platform during the past year, spurred in part by investors' steady demand for alternative strategies. The favorable market climate for alternative strategies, along with volatility in the bond markets, cemented a strong year for alternative fixed-income funds, as well as tactical and managed risk portfolios.
As more advisors attempt to meet consumer demand for alternative mutual funds, Gemini's Northern Lights Fund Trust (NLFT) I, II and III continue to serve as key tools to enable small and mid-size advisors to launch, distribute and expand their pooled investment solutions. NLFT I, II and III are shared mutual fund trusts composed of independent funds which are managed by separate investment advisors.
Gemini created the trusts to help advisors achieve fund sales, economies of scale and operational efficiencies they would not be able to obtain on their own. Upon joining the trusts, funds immediately receive distribution, regulatory compliance, accounting, marketing, board oversight and other administrative services. This permits advisors to concentrate on enhancing fund performance and shareholder returns.
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About Gemini Fund Services, LLC
Gemini Fund Services, LLC (www.geminifund.com) provides comprehensive, pooled investment solutions as an engaged partner to independent advisors. Gemini serves as a strategic partner and resource to advisors that want to bring their own, unique investment vehicles to market, including mutual funds, hedge funds, and alternative investments such as collective investment trusts. As a full-service firm, Gemini provides the administration, accounting, and technology that advisors need in order to launch and market successful products. With over 30 years of experience creating and servicing funds, Gemini brings years of industry knowledge and insight to help advisors achieve the vision of their product and deliver the most extensive range of turnkey solutions to clients.
SOURCE Gemini Fund Services, LLC