Tue, Oct 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

NorthStar Financial Services launches hedge fund administration firm

Wednesday, January 08, 2014
Opalesque Industry Update - Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisors as a provider of comprehensive, pooled investment solutions, announces an expanded range of services for hedge fund clients. Its parent, NorthStar Financial Services Group, LLC (NorthStar), has launched a hedge fund administration unit, Gemini Hedge Fund Services, LLC (Gemini Hedge), as a new subsidiary.

Gemini Hedge is a complete provider of customized and adaptable solutions for hedge fund managers, assisting with middle- and back-office duties, financial reporting and investor services. The business also offers high tech, high touch services for managers requiring frequent liquidity and enhanced reporting capabilities as well as access to distribution channels to help launch and distribute hedge funds.

"Gemini and NorthStar are leveraging best-of-breed technology and 30 years of experience bringing pooled investment vehicles to market to help hedge fund managers navigate an ever-changing landscape," said Andrew Rogers, Chief Executive Officer of Gemini. "With more and more hedge funds adopting mutual fund administration, reporting and accounting standards, our dedicated team is well-positioned to assist hedge fund managers as they adjust to new regulations and investor expectations."

David Young, a 24-year veteran of the financial services industry with extensive hedge fund experience, serves as President of Gemini Hedge. For eight years, Mr. Young was responsible for creating, implementing and overseeing the operations and service offering of Spectrum Global Fund Administration, LLC. From 1998 to 2002, he served as Chief Operations Officer of Chicago-based hedge fund Midland Trading, LLC, which utilized an options market-making strategy.

"Gemini's team members are dedicated experts with years of experience, making them ideal partners to guide hedge fund managers as they adjust to this continually shifting market environment," said Mr. Young. "Hedge fund managers can now take advantage of the same daily administration services that their mutual fund counterparts have used to launch their investment vehicles and grow their assets."

(press release)
km

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

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. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of