Wed, Jan 18, 2017
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. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  3. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  4. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  5. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik