Mon, May 2, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n