Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gemini Fund Services changes systems, expands outlook heading into 2016

Friday, September 25, 2015

Bailey McCann, Opalesque New York:

Gemini Fund Services a New York-based fund administration, accounting, and transfer agency, is making a big shift in how it manages its fund administration platform. Kevin Wolf, President at Gemini, announced that the firm would be changing from State Street's fund accounting product PAM to SunGard's InvestOne, during the NorthStar Summit held this week in Nashville, Tennessee.

This is the first NorthStar Summit to combine representatives from all three NorthStar companies - Gemini Fund Services, Orion, and CLS Investments. NorthStar recently saw a significant investment from private equity firm TA Associates, and the effort to scale up all three companies was evident throughout the summit.

Gemini for its part plans to move some 200 of its fund clients over to InvestOne by the end of the year. Wolf said in his remarks that the move will allow Gemini to do more than simply provide a NAV, and is part of the firm's plan to respond to more frequent reporting requirements from the SEC. Once on InvestOne, funds will be able to make use of SunGard's StatPro portfolio reporting tool, which was also demonstrated at the event.

Gemini has also launched an internal sales desk to help its funds manage distribution and marketing.

"What we're really trying to do is fill gaps in the market," explains David Young, President of Gemini Hedge Fund Services and Gemini Alternative Funds, in an interview with Opalesque at th......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1