HAUPPAUGE, N.Y., April 5, 2011 /PRNewswire/ -- Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisors as a provider of comprehensive, pooled investment solutions, is pleased to announce that its Northern Lights Fund Trust has reached $5 billion in assets under management, including more than $1 billion in assets added in the past three months.
"Gemini's mission is to serve as a full partner, and resource, to advisors looking to develop pooled investment products. We enable advisors to focus on managing portfolios and raising assets, while reducing the costs of bringing their products to market," said Andrew Rogers, President of Gemini Fund Services. "Our Northern Lights Fund Trust is experiencing robust growth as new funds continue to launch and existing funds add new share classes. Managed futures funds are especially seeing success in raising assets, reflecting the growth of that sector as well as effective marketing and distribution."
The Northern Lights Fund Trust is a shared mutual fund trust comprised of independent funds, all managed by separate investment advisors. Advisors have joined the trust, administered by Gemini, to counteract the increasing costs of doing business and increased level of regulatory compliance in the mutual fund industry. Fund trusts have proven to be a successful way for the small- to mid-sized mutual fund to compete and remain profitable.
"Gemini's Shared Trust enables small- and mid-sized funds to compete in an increasingly costly and regulated environment. As more advisors look to launch specialized funds or annuities to meet their clients' needs, Gemini is helping to improve their operational efficiency and distribution, while providing economies of scale not achievable by a solo fund," Mr. Rogers said. "We look forward to building on this growth and success in the years to come."
For media inquiries, please contact Dana Taormina at 973-732-3521 or [email protected].
About Gemini Fund Services, LLC
Gemini Fund Services, LLC (www.geminifund.com) provides comprehensive, pooled investment solutions as an engaged partner to independent advisers. Gemini serves as a strategic partner and resource to advisers 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 advisers need in order to launch and market successful products. With over 25 years of experience creating and servicing funds, Gemini brings years of industry knowledge and insight to help advisers achieve the vision of their product and deliver the most extensive range of turnkey solutions to clients.