Wed, Jun 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Gemini's Northern Lights reach $10bn in assets under administration

Monday, December 17, 2012
Opalesque Industry Update: Gemini Fund Services, LLC, a partner to independent advisors as a provider of comprehensive, pooled investment solutions, has announced that Northern Lights shared trusts, which include Northern Lights Fund Trust I, II, III, Northern Lights ETF Trust and Northern Lights Variable Fund Trust, have collectively surpassed $10bn in assets under administration.

“At a time when investors are showing strong interest in alternative investment vehicles, Gemini’s shared trusts provide advisors with a cost-effective way to bring these funds to market,” said Andrew Rogers, Chief Executive Officer of Gemini. “With our assistance, many of our clients have grown to such an extent that they have brought multiple funds to market. This asset milestone reflects the substantial progress our clients have made using the services we provide, as well as the increase in demand for the benefits that come with shared trust membership.”

The Northern Lights Fund Trusts are shared mutual fund trusts consisting of independent funds managed by separate investment advisors. Gemini established the trusts to help advisors launch small- and mid-sized funds and achieve economies of scale, operational efficiencies and fund sales they would not be able to achieve on their own. Gemini provides trust members with board oversight, distribution, marketing, regulatory compliance, accounting and other administrative services, allowing advisors to focus on fund performance and shareholder returns.

In the past year, Gemini brought more than 50 new funds to market. By the end of 2010, the assets under administration in the Northern Lights Fund Trust had doubled from 2009 levels and nearly doubled again in 2011. The Northern Lights Fund Trust II launched in May 2011 and the Northern Lights Fund Trust III launched in early 2012.

“The increased costs and regulations within the mutual fund industry have made it much more difficult for small- and mid-sized mutual funds to survive, but Gemini is committed to giving advisors the tools and support they need to overcome these obstacles,” said Mr. Rogers. “As Gemini continues to grow and more advisors recognize the advantages offered by shared trust membership, Gemini is prepared to partner with them to ensure that their unique investment solutions can effectively compete in today’s mutual fund market.”

Gemini Fund

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,

  5. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t